Nasdaq 100 4H: Symmetrical Triangle Near a Decision Point!Nasdaq 100 SPOTCFI:US100CFIThe Nasdaq 100 (US100) remains confined within a symmetrical triangle, with lower highs forming since the June peak while rising support continues to contain recent pullbacks. Price action remains compressed as the pattern approaches its apex, suggesting the market is awaiting a clearer directional catalyst. Support Trendline Returns to Focus Recent price action has rotated lower following another unsuccessful attempt to challenge the upper boundary of the triangle. The index is now trading near 29,340, bringing the ascending support trendline back into focus as the nearest key technical support level. Bollinger Bands Reflect Ongoing Consolidation Price is trading close to the middle Bollinger Band (29,504) after losing momentum near the upper band. At the same time, the Bollinger Bands have narrowed noticeably, indicating declining volatility and reinforcing the current consolidation phase. 30,000 Continues to Act as a Key Resistance Zone The descending trendline remains the primary resistance level, converging with the psychological 30,000 area. Multiple rallies have stalled below this region, highlighting it as an important technical resistance within the triangle structure. RSI Moves Below Neutral The Relative Strength Index (RSI) has declined to around 43, moving below both its signal line and the neutral 50 level. This suggests that short-term momentum has weakened, although the indicator remains comfortably above oversold territory. Market Remains Range-Bound Despite the recent pullback, the index continues to trade within the broader symmetrical triangle, with neither buyers nor sellers establishing a decisive advantage. A sustained move above the upper boundary of the pattern could indicate strengthening bullish momentum and shift attention toward higher resistance levels. Conversely, if the ascending support trendline fails to hold, downside pressure could increase, bringing lower support areas into focus. Until either scenario develops, price action may continue to fluctuate within the current range.