The NASDAQ 100 (NAS100) just delivered a textbook bounce from the key demand zone between 16,800 and 16,900, showing signs of a strong bullish reaction after a sharp drop.
This reaction may be the start of a potential bullish reversal, especially with upcoming US news that could add fuel to the move.
Key Levels:
Demand Zone (Support): 16,800 - 16,900
This zone has held firm and triggered a rapid bullish engulfing move – clear buyer interest!
Next Resistance Levels:
18,437 (Mid-range target – strong historical resistance)
19,852 (Supply zone – high confluence area with potential to reject price)
Bullish Bias Reasoning:
Strong bullish momentum post-dip
Buyers defended key structure near 16,826
Clean structure for risk-reward trades
Possible double bottom forming on lower timeframes
Possible Trade Setup (Not Financial Advice):
Entry: 17,000 – 17,100
SL: Below 16,750
TP1: 18,437
TP2: 19,850
Watchlist Alert:
US economic data incoming – high-impact news could create volatility and push NAS100 into breakout territory.
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Are you buying the NASDAQ dip or waiting for confirmation? Comment your outlook below!
This reaction may be the start of a potential bullish reversal, especially with upcoming US news that could add fuel to the move.
Key Levels:
Demand Zone (Support): 16,800 - 16,900
This zone has held firm and triggered a rapid bullish engulfing move – clear buyer interest!
Next Resistance Levels:
18,437 (Mid-range target – strong historical resistance)
19,852 (Supply zone – high confluence area with potential to reject price)
Bullish Bias Reasoning:
Strong bullish momentum post-dip
Buyers defended key structure near 16,826
Clean structure for risk-reward trades
Possible double bottom forming on lower timeframes
Possible Trade Setup (Not Financial Advice):
Entry: 17,000 – 17,100
SL: Below 16,750
TP1: 18,437
TP2: 19,850
Watchlist Alert:
US economic data incoming – high-impact news could create volatility and push NAS100 into breakout territory.
---
Are you buying the NASDAQ dip or waiting for confirmation? Comment your outlook below!
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✅ Dbot dbot.frankfxx.com
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✅ Dbot dbot.frankfxx.com
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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.