NAS100 (4H) – Bearish Channel Reversal Targeting 22,100Recently, price hit the channel top resistance (around 24,200–24,300), marked with a red arrow.
Bearish Setup
A large bearish arrow indicates a potential reversal from the channel top.
The shaded red zone shows a short trade setup, with stop-loss placed above the recent highs (~24,238).
The green shaded area is the invalidation zone (where bullish continuation is expected if price breaks higher).
Target
The downside target is clearly marked around 22,075 – 22,063, which aligns with previous support zones.
This target suggests a possible correction of around 1,600 points (~6.5%) if the bearish momentum plays out.
Candlestick Behavior
Price recently tested the upper boundary of the channel and failed to break higher, which strengthens the bearish bias.
The current 4H candle shows rejection from the channel top.
Trading Outlook
Bearish Bias: A short position is favored given the rejection at resistance.
Entry Zone: Near current levels (23,700–23,770).
Stop Loss: Above 24,250 (channel breakout invalidates bearish setup).
Take Profit: 22,100 zone (previous demand zone & marked target).
✅ Summary:
The NASDAQ 100 is showing signs of exhaustion at channel resistance. If sellers remain strong, we could see a correction toward 22,100. However, a breakout above 24,250 would invalidate this bearish setup and
