📉 NASDAQ 100 — Resistance Rejection & Support Retest Setup
🔎 Market Structure:
Price is trading below the 30,700–30,800 resistance zone after multiple rejection attempts. The broader bullish structure remains intact, but short-term momentum is showing signs of weakness.
🎯 Key Levels:
🔴 Resistance: 30,700–30,800
🟡 Fair Value Gap: 30,000–30,100
🟢 Major Support: 29,700–29,800
⚫ Major Low: ~28,750
📉 Bearish Scenario:
If price continues to reject the descending trendline and breaks below the 30,000 FVG, the next potential area of interest is the 29,700–29,800 support zone.
📈 Bullish Scenario:
A strong breakout and sustained move above 30,700–30,800 could invalidate the bearish setup and open the way for further upside.
⚠️ Confirmation: Watch candle closes around the FVG and support before taking any setup. Manage risk according to your own plan.
Bias: 🔴 Short-term bearish below resistance | 🟢 Higher-timeframe structure still supported above 29,700.
🔎 Market Structure:
Price is trading below the 30,700–30,800 resistance zone after multiple rejection attempts. The broader bullish structure remains intact, but short-term momentum is showing signs of weakness.
🎯 Key Levels:
🔴 Resistance: 30,700–30,800
🟡 Fair Value Gap: 30,000–30,100
🟢 Major Support: 29,700–29,800
⚫ Major Low: ~28,750
📉 Bearish Scenario:
If price continues to reject the descending trendline and breaks below the 30,000 FVG, the next potential area of interest is the 29,700–29,800 support zone.
📈 Bullish Scenario:
A strong breakout and sustained move above 30,700–30,800 could invalidate the bearish setup and open the way for further upside.
⚠️ Confirmation: Watch candle closes around the FVG and support before taking any setup. Manage risk according to your own plan.
Bias: 🔴 Short-term bearish below resistance | 🟢 Higher-timeframe structure still supported above 29,700.
✦ MARKET STRATEGY SIGNALS ✦ 📊
Smart Money • Price Action • Precision • good entries
📲 Join Telegram: t.me/marketstrategyentry
Smart Money • Price Action • Precision • good entries
📲 Join Telegram: t.me/marketstrategyentry
Related publications
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.
✦ MARKET STRATEGY SIGNALS ✦ 📊
Smart Money • Price Action • Precision • good entries
📲 Join Telegram: t.me/marketstrategyentry
Smart Money • Price Action • Precision • good entries
📲 Join Telegram: t.me/marketstrategyentry
Related publications
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.