NQ100 Scenario H1US NDAQ 100 - CashCMCMARKETS:NDAQ100Przemyslaw_BlachutToday we’re seeing a rebound following Friday’s sharp declines. On the H1 chart, the Nasdaq 100 is forming a bullish flag with a range marked by that thick purple line. In addition, we have potential upward movements—indicated by green lines—and potential downward movements—indicated by red lines. If the price remains inside the flag, it may move within this flag from the lower band to the upper band, and then we have a chance to hit the upper side where it meets the 61.8 Fibonacci retracement of the entire decline since Friday. If the bears want to break this flag, let’s watch how strongly they break the lower side, and then we have a chance to sequentially hit the downside targets all the way to the main flag’s range, which falls well below Friday’s lows. If the bulls want to invalidate this flag pattern, let’s watch what kind of move and which candlestick they use to break through the upper boundary of the flag. Przemyslaw Blachut