NAS100 has experienced a sharp impulsive move to the downside, reflecting strong bearish momentum and a clear breakdown in recent structure. The aggressive sell-off suggests panic-driven liquidity being cleared, often seen toward the later stages of a move.
Price is now approaching a key reaction zone where the downside momentum appears stretched, increasing the probability of a short-term relief bounce. The projected path highlights a potential shift from impulsive selling into a corrective recovery phase.
If buyers step in from this region, we could see a retracement move unfold as the market rebalances before determining its next directional phase.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
Price is now approaching a key reaction zone where the downside momentum appears stretched, increasing the probability of a short-term relief bounce. The projected path highlights a potential shift from impulsive selling into a corrective recovery phase.
If buyers step in from this region, we could see a retracement move unfold as the market rebalances before determining its next directional phase.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
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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.