POSSIBLE NASDAQ SHORT 20-24 JULY 2026US Nas 100OANDA:NAS100USDGarethxsavageOverall Bias: Bearish 1. Market Structure Shift Price failed to break above the Strong Swing High, leaving the higher-timeframe bearish structure intact. The chart labels an SSH-I (Strong Swing High - Internal), which acted as resistance. After rejecting that area, price produced a strong impulsive move lower. Interpretation: Sellers are still in control. 2. Break of Structure (BOS) The chart highlights a 15m iBOS, and price has since traded well below that level. The downside move broke previous support with momentum rather than slowly drifting lower. Interpretation: The bearish trend is being confirmed by lower lows. 3. Supply Zone Held The highlighted supply zone around 29,450–29,900 rejected price. The chart even outlines: Plan A: Sell from the lower portion of supply. Plan B: Sell from the upper portion if price retraces deeper. Price respected the zone and immediately sold off. Interpretation: Institutions likely defended this supply. 4. Strong Bearish Momentum Notice the large bearish displacement candles: Minimal buying response. Consecutive bearish candles. Little overlap between candles. This usually suggests aggressive selling pressure rather than a temporary pullback. 5. Liquidity Sweep and Rejection Price traded into the internal swing high (SSH-I), swept liquidity, then reversed sharply. This is a common ICT-style bearish sequence: Buy-side liquidity taken. Institutions distribute into buying. Strong displacement lower. Continuation toward sell-side liquidity. What I'd Watch Next Primary Scenario (Higher Probability) Look for price to retrace back into the marked supply zone (approximately 29,450–29,900). If, on a lower timeframe (5m–15m), you see: bearish market structure shift, rejection wicks, bearish engulfing candles, or another break of structure, that area could provide a higher-probability continuation short. Downside Targets Potential objectives include: The recent swing low around 28,200. Any sell-side liquidity resting below that low. If 28,200 breaks decisively, continuation toward lower higher-timeframe support becomes increasingly likely. What Invalidates the Bearish Bias? The bearish outlook would weaken if price: reclaims the highlighted supply zone, closes convincingly above the SSH-I, and begins printing higher highs and higher lows on the 4H timeframe. Until then, rallies appear more likely to be retracements into supply rather than the start of a new uptrend. Summary ✅ 4H trend: Bearish ✅ Strong rejection from supply ✅ Bearish displacement confirms seller strength ✅ Lower lows established ✅ Prefer selling retracements into the marked supply zone rather than chasing the move lower Overall, the chart supports a sell-the-rally approach unless price invalidates the bearish structure by reclaiming and holding above the marked supply and recent internal swing high.