US 100 4H: Bearish Channel Setup Below ResistanceUS 100 IndexFX:NAS100meganetworkBias: Short-term bearish while price remains below the descending channel and the invalidation level. Technical reasons: US 100 Cash is trading below the higher-timeframe resistance structure and inside a descending channel on the 4-hour chart. The recent rebound has moved price back toward the upper portion of the channel, while the rising support line and marked order-block zones provide clear downside reference areas. Entry / confirmation: We are watching for a confirmed 4H rejection from the upper channel area, followed by weakness or a break back below nearby support. This is a conditional setup; no entry is assumed before confirmation. Targets: The first downside reference is the rising support near 28,950–29,000. If that level breaks, the next area of interest is the marked order block around 28,400–28,600. Invalidation: A sustained 4H close above the descending channel and the marked 29,759 level would invalidate the bearish scenario. Alternative scenario: If price breaks above the channel and holds, the bearish bias would weaken and attention could shift toward the 30,200–30,400 area, with the all-time-high region as the larger upside reference. Expected duration: Short-term, potentially covering the next several 4H candles to several trading days, depending on how price reacts at the marked levels. Data source: FXCM US 100 Cash. Prices may differ slightly from Nasdaq futures or other broker feeds. This is a technical market scenario based on structure, channel behavior, support, and order-block analysis. The marked levels are reference areas and are not guaranteed outcomes.