NAS100 BEARISH SENTIMENT CONTINUES
The NAS100 experienced a significant bullish leg beginning on Monday, April 22, 2024, from the area of value at 16990.00, reaching an all-time high of 20775.75 on Thursday, July 11, 2024. Following this extended bullish cycle, a bearish leg has emerged, currently nearing its anticipated target at 18202.30. This downward movement was confirmed by the formation of a bearish flag at the 19226.50 inflection zone. The established market structure demonstrates confluence across multiple time frames, with a one-hour chart offering ideal entry points for this final momentum run.
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