Nasdaq Cah index 4H US NDAQ 100 - CashCMCMARKETS:NDAQ100Przemyslaw_BlachutBullish scenario: If the price breaks out of the uptrend channel it has been following for several sessions, the breakout range is marked by the green lines, and I’ve indicated the full range—calculated as the width of the channel—with a green bar. Along the way, we have levels derived from the external Fibonacci retracements at 127.2% and 161.8%. However, if the price fails to break decisively higher, we have a: Bearish scenario : defined by the red lines, with the main downside target being the lower boundary of the uptrend channel, which has been tested several times. If the bears take control of the price strongly enough for the price to break below the lower side of the channel, the extent of the downside move is indicated by the red rectangle. Przemysłąw Błachut