US 100 Cash CFD
Long

NASDAQ US100 Overextended? Waiting for the Pullback

221
๐Ÿšจ NASDAQ #100# Analysis ๐Ÿšจ

I'm currently watching the NASDAQ (US100) ๐Ÿ“Š, and in my view, it's looking overextended. Price is now trading into previous daily highs ๐Ÿ“ˆ without showing a meaningful retracement. Historically, when we look back at the chart, we rarely see such strong rallies without some form of pullback ๐Ÿ”„.

A healthy trend typically follows a natural rhythm โ€” rally, retrace, rally or expand, pull back, expand again. In this case, that retracement is missing โŒ, which raises caution flags for me ๐Ÿšฉ.

๐ŸŽฅ In the video, I break down:

Price action & market structure ๐Ÿงฉ
The current trend ๐Ÿ“‰๐Ÿ“ˆ
A potential long opportunity โ€” but only if price pulls back into my point of interest (POI) ๐Ÿงฒ and we then get a bullish break in market structure (BoS) ๐ŸŸข.

๐Ÿ”’ This is not financial advice. Always do your own research and trade responsibly!

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