US100 | Retracement Into Supply Before Potential Continuation Lo

Mar 13

NASDAQ is currently pushing into a key supply zone around 24,700 – 24,760 after a strong recovery from the recent lows. This move appears to be a corrective pullback within the broader bearish structure.

The highlighted supply area previously acted as a distribution region, making it a high-probability reaction zone for sellers.

If price reaches this zone and shows rejection, we could see the formation of a lower high, leading to a continuation toward the downside.

Projected scenario:
• Price taps 24,700 – 24,760 supply
• Sellers step in creating a lower high
• Market rotates lower toward 24,360 liquidity level

This level represents the next draw on liquidity, where price may seek resting sell-side liquidity.

Key Levels
Supply Zone: 24,700 – 24,760
Current Price: ~24,645
Liquidity Target: ~24,360

The idea remains valid as long as price stays below the supply zone. A clean break above it would invalidate the bearish outlook.

Mar 13

Trade active

Price is moving well in our direction

Mar 13

Trade closed: target reached