Bullish Wave Structure Projection & Corrective ExpansionUS Tech 100 IndexPEPPERSTONE:NAS100JAG_Trader📊 Technical Context & Wave Structure On the 15-minute chart for NAS100 (US 100 Cash CFD), the completion of a primary 5-wave impulse structure is observed: Main Impulse Wave: The 5-wave cycle labeled (I) through (V) has completed, establishing a local high at label A. Underlying Corrective Phase: Following wave (V), price developed a three-wave correction internally labeled (A) - (B) - (C) in red, completing the larger corrective movement at point B. Current Phase / Projection: After completing wave B, price is now developing the bullish Wave C, showing consolidation/continuation patterns (channel structure followed by a small tight triangle) prior to launching the next impulsive leg higher. ⚠️️ Technical Invalidation Level Key Invalidation Level: 30,538.0 Analysis: A sustained breakdown below the structural support at 30,538.0 invalidates this immediate bullish projection, indicating a deeper correction or a revision in the Wave C count. As long as price holds above this level, probabilities favor the buyers. 🎯 Projected Targets Projections are based on the wave expansion measurements and key structural chart levels: First Target (138% Wave Expansion): 31,203.0 (Immediate zone to test following the breakout and continuation of the current leg). Main / Macro Target (200% Wave Expansion / MASTL): 31,638.2 (Major target area marked by the 200% wave expansion level at label C). 💡 Tracking Notes Price is currently building market structure for the next impulsive leg. Keep an eye on price action and volume around local highs to confirm acceleration toward 31,203.0 and subsequently 31,638.2.