NAS100 Symmetrical Triangle Breakdown: Path to 21K Open?US Nas 100OANDA:NAS100USDTaxpayerTradesThe Nasdaq (NAS100USD) has triggered a major structural breakdown following a multi-month distribution top near 32,443. After slicing through the apex of a large Symmetrical Triangle compression zone, price is currently expanding downward (trading around 28,170, down over -1.5%), confirming aggressive institutional selling and a shift into a broader bear cycle. Key Technical Breakdown & Market Structure Pattern Confirmation: The breakdown below the multi-month Symmetrical Triangle support has activated a structural measured move targeting the low 21,000s. Resistance Test Failure: Following the initial impulse drop, price failed to reclaim the 29,874 breakdown zone, cementing it as heavy overhead resistance. Open Vacuum Space: With intermediate horizontal support lacking between current levels and the psychological 26,000 baseline, the path of least resistance points straight downward. Trade Parameters & Levels ParameterLevelDetails Current Price28,170.0Active breakdown expansion Stop Loss (Invalidation)31,869.9Reclaim of the upper distribution zone invalidates bias First Support Target26,000.0Major historical demand / psychological baseline Measured Move Target (4:1 R:R)21,894.6Full height projection of the Symmetrical Triangle Execution Plan Short Bias: Look for minor intraday relief bounces back toward the 28,500–29,000 region as low-volume retests to fade. Risk Management: Maintain structural stops above 31,870 to protect against a macro false breakdown. Expect an initial reaction around 26,000 before the secondary continuation leg toward 21,894.