possible bearish continuation after the channelUS Tech 100 IndexPEPPERSTONE:NAS100JAG_TraderNAS100 on the 1H. After the wave C high near 31,400, price has been moving inside a descending channel and is now trading near 28,950, after rejecting the 29,770 area. A small bounce inside the structure followed by a break below the 28,750 support zone would open the way toward the larger demand area around 27,500. Reference zones: 🔹 29,770: resistance, top of the channel. 🔹 28,750: support zone, key area to watch. 🔹 27,500: possible downside reference. If price recovers and holds above 29,770, this scenario would be invalidated and would need to be reassessed. Opinion for educational purposes. Not a signal or financial advice. Do your own analysis and manage your risk.