Most Probable Bearish Scenario for NQE-mini Nasdaq-100 FuturesCME_MINI:NQ1!smwajeehThis is the most probable bearish scenario I currently see for NQ. From an AB=CD pattern perspective, NQ has already completed the A→B leg and has now also finished the B→C retracement. This suggests that the C→D leg could unfold over the coming months. I am seeing confluence from multiple factors. - From the top, price retraced to the 100week EMA, forming the A→B leg, which aligned with a 0.382 Fibonacci retracement - It then moved higher to complete the B→C leg, reaching the 0.618 retracement level - coinciding with the 21week EMA (measured from the Jan 2026 market structure high) - Based on this structure, I am targeting the -0.618 Fib extension for the C→D leg, which projects a downside move into the 20800–20750 region. This area also aligns closely with the 200week EMA, adding further confluence to the target * This TP level also aligns with the 0.618 Fib retracement (~21000) measured from the April 2025 lows to the Oct 2025 highs, adding further confluence to the setup Entry Zone: 25200 – 25100 SL: 25800 (above the most recent daily market structure high) TP: 20800 (aligned with the 200week EMA) RR: 1:7