Nas100 Breakdown with Trade SetupUS Nas 100OANDA:NAS100USDjamesibartram🕰 Weekly Structure Price has completed a Wave (3) high and is now transitioning into a corrective Wave (4) phase. The broader market cycle suggests sell-side liquidity is being targeted before any new impulsive leg higher. The EMA structure is still bullish long-term, but retracements are healthy after extended rallies. Key downside zones: 21,985 – 22,135 (mid-support pocket) 16,962 – 16,353 (deeper retracement if correction extends) 📉 Daily Timeframe Current daily candles are rejecting the upper levels after tagging swing-high liquidity. Price is consolidating near the swing range support line (~22,700–23,200). Buyers are defending the level marked by the green triangle, aligning with a previous Wave (3) pivot. If this level holds, we may see a relief rally targeting 23,800–24,200 before deciding the next move. ⏱ 1H Short-Term View Price recently tapped into sell-side liquidity (SSS) and bounced from the 71% fib retracement + demand zone. A change of character (ChoCH) is visible from the highlighted yellow candle, indicating buyers are stepping in. Expect a possible bullish leg toward 23,800 – 24,000 if higher-low structure confirms. If 23,200 fails, downside liquidity sits at 23,000 → 22,700. 🎯 Trade Plan Bias: Short-term bullish relief rally inside larger corrective Wave (4). Entry Zone: 23,200 – 23,400 demand retest. Target 1: 23,800 (SS liquidity pocket) Target 2: 24,000–24,200 (daily resistance) Invalidation: Sustained close below 23,000 → opens path to 22,200. 📌 Summary NAS100 looks corrective after a strong multi-month bullish wave. Near-term, liquidity sweep setups favor a bounce into 23,800+ as long as 23,000 holds. Medium-term, Wave (4) correction could extend deeper into 22k–20k levels before the next major bullish wave.