NAS100USDUS Nas 100OANDA:NAS100USDevanvizziniBased on a simple technical analysis of price action, we can see that a significant high was formed on May 14 during the New York session. This high was then broken by the bullish gap at the open on Monday. The price then reached a new high, corrected back to the previous high, and then used the gap and the previous high as support to launch an extremely strong rally to its peak, before reversing with a sharp and violent decline that is currently underway. The high formed during this rally, aided by the bullish gap, now constitutes a notable area of interest. In my view, the price could either retake the area above this level and rebound higher for a new upward move, or retest this area and reverse lower, potentially toward new lows. This represents my personal vision and perception of the market. It is by no means trading signals or financial advice. It is solely a technical analysis based on my own perception and understanding of market dynamics. This is simply the sharing of my thoughts and perspective, which I hope may prove helpful to some of you.