NASDAQ (1H): 29,740 Is the Key — Break Toward 30,000+ or Reject?

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NASDAQ (1H): 29,740 Is the Key — Break Toward 30,000+ or Reject?Nasdaq 100 SPOTCFI:US100Jassar_MahmoudPrice is at 29,633, and the reaction to the 29,660–29,740 zone will decide the next move. The larger-degree count remains tentative, so I'm treating this as two scenarios rather than a confirmed direction. Bullish scenario — clean break above 29,740: A clear break and hold above 29,740 opens the way toward the 29,970 level (0.61 Fibonacci). A strong push through it targets the next zones in order: 30,293 → 30,599 → 30,668, and beyond that new all-time highs. Each of these levels is a potential reaction/reversal point, so price behavior at every step matters. Bearish scenario — rejection from 29,660–29,720: If price fails to clear this zone and gets rejected, it likely resumes the decline toward 28,958 and then 28,777. RSI near 53 (mid-range) reflects the current indecision — the zone is the trigger. ⚠️ Note: This is a personal analysis for educational purposes only — the wave count is unconfirmed, and this is not a buy or sell recommendation.