NAS100 Bounces Off Key Support: Targeting 21,820

Jan 27

NAS100 is trading within a rising channel, suggesting a continuation of the bullish trend. The price recently bounced off the lower boundary of the channel, aligning with a significant support level. The structure indicates the potential for further upside, with the next target around the 21,820 level.

The bullish scenario assumes that the price maintains its momentum and respects the trendline support. A clear break and retest of the minor resistance zones along the way could confirm this upward movement. However, a break below the channel would invalidate this setup and suggest potential bearish pressure.

Let me know your thoughts or if you have an alternative perspective!

Jan 28

Trade active

5 days ago

Trade closed: target reached

Take Profit Hit