NDQ: Bullish Breakout Awaiting ConfirmationUS 100 IndexTVC:NDQImeda_Market_AnalysisThe Nasdaq 100 maintains a constructive broader structure, while the H1 and H4 timeframes show improving bullish momentum. Price is now approaching an important resistance area, where confirmation is required before the next directional move. The index is currently testing the immediate resistance near 29,648.66. Although the recovery remains constructive, a sustained breakout has not yet been confirmed. RSI analysis: RSI is improving across the observed timeframes and supports the bullish recovery scenario. However, momentum alone is not sufficient to confirm continuation, particularly while price remains close to resistance and the upper boundary of the short-term structure. Bullish scenario: A sustained H1/H4 close above 29,648.66 would indicate strengthening buying pressure. The principal bullish confirmation requires a confirmed breakout and successful retest above 29,727.73. If buyers establish control above this level, the next upside targets would be: 29,962.34 — First upside target 30,135.74 — Second upside target 30,278.81 — Third upside target If bullish momentum remains strong above these levels, the broader extended target would be located near 30,726.91. Bearish scenario: The immediate bullish structure remains protected while price holds above 29,365.62. A confirmed break below 29,255.97 would weaken the short-term recovery. Sustained trading below 29,013.71 would confirm increasing bearish pressure and expose 28,920.50 as the first downside target. Below that level, 28,500.40 would become the next major support and deeper downside target. Key levels: Immediate resistance: 29,648.66 Bullish breakout confirmation: 29,727.73 First upside target: 29,962.34 Second upside target: 30,135.74 Third upside target: 30,278.81 Extended bullish target: 30,726.91 Immediate support / bullish hold level: 29,365.62 Key short-term support: 29,255.97 Bearish pressure confirmation: 29,013.71 First downside target: 28,920.50 Major support / deeper downside target: 28,500.40 Macro outlook: The upcoming U.S. economic calendar and Federal Reserve commentary may generate increased volatility in technology stocks. Moderately supportive economic data and expectations of easier monetary policy could help the bullish scenario. However, unexpectedly strong inflationary signals or significantly weaker growth data could trigger a corrective move. Conclusion: The broader structure remains constructive, but price is still positioned directly below the key breakout level at 29,727.73. The preferred approach is to wait for a confirmed candle close and successful retest above this level rather than anticipate the breakout. Failure to hold 29,365.62 would weaken the immediate bullish scenario, while a break below 29,013.71 would shift short-term pressure toward the bearish side. This analysis is for educational purposes only and does not constitute financial advice.