NAS100: Likely rebound at major point within Ascending Channel

is likely to be undergoing a corrective move as it tests the lower boundary of the ascending channel, as shown on my chart. This boundary serves as dynamic trendline support and a significant bullish reaction could happen if buyers step in at this level.

A successful rebound from this support could lead to a move toward the midline of the channel, with the next target at around 22,000. This scenario would maintain the overall bullish trend structure.
However, a clear breakdown below the trendline support would weaken the bullish outlook and could lead to further downside.

Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised, always confirm your setups and trade with solid risk management.
If you have any thoughts on this setup or additional insights, drop them in the comments!

Trade active

Note

Trusting my intuition, I've reassessed this trade and will secure it with a break even at this point

Trade closed manually

Took BE here, but all good

TrendDiva

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TrendDiva

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