NAS100 Correction Setup | Trendline Breakdown Incoming?US 100 IndexFX:NAS100FrankAgboNasdaq-100 is showing signs of exhaustion after an aggressive bullish rally, and the market may be preparing for a deeper correction 👇 --- **📊 Market Structure Breakdown:** * Price respected a strong **ascending trendline** throughout the rally * Market recently tapped a key resistance zone near **29,400 – 30,000** * Momentum is slowing, and sellers are beginning to react at highs This creates the possibility of a **trendline breakdown + corrective move**. --- **🎯 Trade Setup (Sell Bias):** * **Entry Zone:** 29,000 – 29,300 * **Stop Loss:** Above 30,000 resistance * **Take Profit Targets:** * TP1: 28,000 (intermediate support) * TP2: 27,000 (major support / liquidity zone) --- **📉 Why This Setup Looks High Probability:** * Extended bullish move becoming overbought * Trendline support weakening * Rejection near psychological resistance * Excellent risk-to-reward structure --- **⚠️ Invalidation Scenario:** * Strong breakout above 30,000 * Buyers regain momentum aggressively * Continuation toward new highs --- **🧠 Smart Money Insight:** After strong rallies, institutions often take profits near resistance while retail traders continue chasing highs. That’s usually where volatility increases. --- **💬 Summary:** If NAS100 loses trendline support, we could see a sharp correction toward 28,000 and potentially 27,000. Confirmation remains key before entry. --- **📌 Key Levels to Watch:** * Resistance: 29,400 – 30,000 * Support: 28,000 → 27,000 * Bias: Bearish below trendline