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NASDAQ — Pullback Into Support, Bulls Still in Control?

🚀The NASDAQ 100 has staged an impressive recovery after breaking above the previous dynamic resistance, confirming a major shift in momentum. After reaching the upper supply area, price has started to retrace toward a fresh support zone that could determine the next directional move.

🏆Previously:

📈 Bullish scenario

If buyers successfully defend the current support zone, the recent pullback could simply become a healthy retest before another continuation higher. A strong reaction here would increase the probability of a move back toward the upper resistance zone, with a breakout opening the door for further upside.

📉 Bearish scenario

Failure to hold the current support would weaken the short-term bullish structure and could trigger a deeper correction toward the lower demand zone. That area becomes the next key location where buyers may attempt to regain control.

Overall, the broader trend remains constructive, but the current support zone is the key battlefield. Holding it keeps the bullish momentum intact, while losing it would likely shift attention toward the lower demand area.

Trade closed: target reached

All zones passed.

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