NAS100: Double Top Confirmed — Can Bears Force a Flush?US Nas 100OANDA:NAS100USDTaxpayerTradesHere is a structured breakdown matching your selected title that you can copy and paste directly into your TradingView description box: Overview Following an aggressive multi-day rally, the NAS100 put in a local top just below the 29,900 mark. The index has now locked in a clean Double Top reversal pattern on the 4-hour timeframe. The immediate breakdown past structural support has shifted control firmly to the sellers, opening up a clear path toward lower liquidity targets as momentum accelerates downward. Key Technical Points The Pattern Confirmation: The breakdown below the 29,321.8 ENTRY level officially validates the Double Top formation. This level has now successfully flipped from support to short-term resistance. Momentum Breakdown: The Machine Learning RSI (Zeiierman) indicator tracked a stark lower high during the second peak, confirming a major shift in underlying momentum. The indicator line continues to slope sharply downward with no immediate signs of a bullish divergence. Risk/Reward Parameters: Invalidation / Stop Loss (SL): 29,431.1 (positioned safely above the recent localized structure breakdown) Trading Scenarios to Watch 🐻 Bearish Case (Targeting Downside Liquidity): As long as price action remains capped underneath the broken entry line at 29,321.8, sellers remain completely in control. The immediate objective is a clean flush down to TP1 at 29,148.8 (Risk-to-Reward: 2), followed by a deeper extension toward TP2 at 28,975.8 (Risk-to-Reward: 4). 🐂 Bullish Invalidation: For this short setup to fail, the bulls must force an aggressive, high-volume reclaim of the 29,321.8 pivot line to trap the breakout bears and shift structure back into a sideways consolidation. Are you shorting this Nasdaq breakdown to the targets, or expecting a fakeout bounce? Let me know your bias below!