Timeframe: 4H | Methodology: Supply & Demand + Structure
The NASDAQ 100 (US100) is struggling to break above the key supply zone around 19,832. Price has printed multiple wicks at resistance, hinting at weakening bullish momentum.
Technical Breakdown:
Major Supply Zone: 19,800 – 19,850
Critical Support Level: 18,846
Demand Zone Target: 17,700 – 18,000 (highlighted in orange)
Key Observations:
Price has rallied into supply after a strong bullish move from the 18,000s
Repeated rejection candles are forming inside the supply zone
Bearish divergence may be developing — a possible early reversal signal
Trade Setup Idea: (Bearish Bias)
Sell Trigger: Break below 19,700
Target Range: 18,850 first, then 18,000
Stop Loss: Above 19,850
Macro Note:
Several U.S. economic events are lined up (see calendar icons). Expect high volatility — perfect environment for trap moves and liquidity grabs.
Will NAS100 reverse from this zone or break out to new highs? Let me know your view!
Like & follow for more clean chart breakdowns.
#NAS100 #NASDAQ #USTech #SupplyAndDemand #PriceAction #TechnicalAnalysis #SmartMoney #ReversalSetup #TradingView
The NASDAQ 100 (US100) is struggling to break above the key supply zone around 19,832. Price has printed multiple wicks at resistance, hinting at weakening bullish momentum.
Technical Breakdown:
Major Supply Zone: 19,800 – 19,850
Critical Support Level: 18,846
Demand Zone Target: 17,700 – 18,000 (highlighted in orange)
Key Observations:
Price has rallied into supply after a strong bullish move from the 18,000s
Repeated rejection candles are forming inside the supply zone
Bearish divergence may be developing — a possible early reversal signal
Trade Setup Idea: (Bearish Bias)
Sell Trigger: Break below 19,700
Target Range: 18,850 first, then 18,000
Stop Loss: Above 19,850
Macro Note:
Several U.S. economic events are lined up (see calendar icons). Expect high volatility — perfect environment for trap moves and liquidity grabs.
Will NAS100 reverse from this zone or break out to new highs? Let me know your view!
Like & follow for more clean chart breakdowns.
#NAS100 #NASDAQ #USTech #SupplyAndDemand #PriceAction #TechnicalAnalysis #SmartMoney #ReversalSetup #TradingView
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.