NAS100 Decision Point at All-Time HighsUS Tech 100 IndexPEPPERSTONE:NAS100sunyaNAS100 Decision Point at All-Time Highs Asset: NAS100 (NASDAQ 100) 11th Oct 2025 UTC+4 Closing Price: 24,026.1 | Bias: Neutral, awaiting breakout confirmation. 1. Multi-Timeframe Market Structure Daily Chart Context: The index is in a powerful, sustained uptrend, trading near all-time highs. The recent consolidation suggests a pause within the broader bullish structure. Critical Resistance: 24,200 - 24,300. A confluence of the recent swing high and a psychological barrier. A decisive daily close above 24,300 is the key bullish trigger. Key Support Levels: Immediate: 23,900 (Recent swing low & 4H consolidation base). Primary: 23,650 - 23,750 (Previous resistance, now key support & 50 EMA area). Major: 23,400 (Would signal a deeper correction). 2. Chart Pattern & Wyckoff/Elliott Wave Context Pattern: The price action from the September low exhibits characteristics of a Wyckoff Accumulation phase, followed by a strong markup. The current pause could be a re-accumulation before the next leg up, or a distribution. Elliott Wave Count: The rally from the ~23,400 low is impulsive. We are likely in a Wave 4 (corrective) consolidation. A break above 24,200 would confirm the start of Wave 5 towards new highs. A break below 23,650 would invalidate this count. 3. Indicator Confluence & Momentum Ichimoku Cloud (Daily): Price is well above the Senkou Span (Cloud), confirming the strong bullish trend. The cloud itself is thick and rising, providing strong dynamic support. RSI (14): On the daily, RSI is neutral (~60), not yet overbought, leaving room for further upside. Bollinger Bands (4H): Price is hugging the upper band, indicating strength. A move to the middle band (~23,950) would be a healthy pullback. Moving Averages: The 50 EMA (23,850) and 200 EMA (23,500) are bullishly aligned, acting as dynamic support layers. Actionable Trading Plan Intraday Trading (Based on 1H/15M Charts) Bullish Breakout Setup: Trigger: Sustained price action above 24,150 with rising volume. Buy Entry: On a pullback to 24,100-24,130, or a break of 24,200. Stop Loss: Below 24,000. Targets: 24,300 (TP1), 24,450 (TP2). Bearish Rejection Setup: Trigger: Bearish reversal candle (e.g., Shooting Star, Bearish Engulfing) at 24,150-24,200. Sell Entry: On the confirmation of the rejection. Stop Loss: Above 24,250. Targets: 23,950 (TP1), 23,850 (TP2). Swing Trading (Based on 4H/Daily Charts) Long Swing Entry: Condition: Wait for a daily close above 24,300. Entry: On the next pullback towards 24,200 (new support). Stop Loss: Below 23,900. Target: 24,600 - 24,800. Short Swing Entry (Counter-Trend): Condition: A clear break and close below 23,900. Entry: On a retest of 23,900 as resistance. Stop Loss: Above 24,100. Target: 23,750, then 23,650. Risk & Trade Management Note The current setup is a high-probability bull trap if price fails at the 24,200 resistance. Conversely, a breakout opens significant upside. Do not chase price in the middle of the range. Patience for a confirmed trigger is key. Always use a stop-loss and manage position size accordingly.