Nasdaq Clean Range Breakout | Momentum in Play NowUS100SKILLING:US100AMIT-RAJANHello Traders, The US100 has been trading within a well-defined horizontal range, respecting both support and resistance levels over an extended period. This phase reflects a classic accumulation structure, where price compresses before expansion. Repeated rejections from the resistance zone (highlighted) confirmed strong supply presence, while the support zone consistently attracted demand, preventing further downside. Recently, price revisited the support area and reacted sharply, forming a strong bullish impulse. This move has now resulted in a decisive breakout above the range resistance, signaling a potential transition from accumulation to a markup phase. Key Structural Insights: Multiple failed attempts at resistance, confirming supply absorption Strong demand reaction from support zone Clear range-bound consolidation, indicating accumulation High-momentum breakout, suggesting strength from buyers Projection & Expectations: The current breakout opens the door for a measured move, calculated using the height of the range projected upward from the breakout point. At the same time, a retest of the breakout zone is still pending, which would be considered a healthy confirmation of the breakout. If price revisits this level and finds support, it can further strengthen the bullish continuation scenario. As long as price sustains above the broken resistance, the structure supports a move toward higher levels. Invalidation Scenario: A sustained move back inside the range would indicate a failed breakout, potentially shifting the structure back into consolidation. Conclusion: The market appears to be transitioning from compression to expansion, and the breakout suggests increasing bullish momentum. A successful retest could act as a catalyst for the next leg higher. Thanks for reading mates. Regards- Amit.