MNQ 4H — Short from channel top to structural supportMicro E-mini Nasdaq-100 Index FuturesCME_MINI_DL:MNQ1!ZynAlgoSetup MNQ is trading inside a well-defined descending parallel channel on the 4H timeframe. Price is currently testing the upper resistance boundary, which offers a continuation short in line with the dominant bearish structure. Prices at time of research: 29,315.75. MNQ 4H with the descending channel, the upper-band short entry, stop above the last lower-high, and the structural demand target. Why this setup — 3 reasons Channel adherence & rejection at the upper band: Price action is governed by a descending channel, a structure that favors trend continuation. The retest of the upper boundary (around 29,466.50) is a key inflection point. Earlier upper-band tests in this cycle were defended by sellers, so the short is taken at the standard-deviation extreme, targeting a move back toward the channel median. Downside target at a structural demand zone: The objective is anchored at a major demand zone (28,717 – 28,800). This area previously acted as an accumulation base. The intersection of the channel's downward path with this horizontal support creates a dual-layer target and a favorable risk-to-reward ratio. Structure-based invalidation: The stop at 29,753.50 sits above the most recent structural lower-high and outside the upper band of the channel. A sustained break above that level breaks the sequence of lower highs and nullifies the bearish thesis. Trade plan Bias: Short Entry: 29,466.50 — limit entry at the upper channel boundary test. Stop loss: 29,753.50 — invalidation: a firm 4H candle close completely outside the channel, breaking the sequence of lower highs. Target 1: 28,800 (top of the structural demand block) Target 2: 28,717.25 (base of the structural demand block) Timeframe: 4H Risk note This is technical analysis for educational purposes, not financial advice. Manage your risk. If price closes above the channel on the 4H, stand aside — the bearish structure no longer holds.