NAS100 Bearish Channel Breakdown โ€“ Rebound Opportunity?

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NAS100 Bearish Channel Breakdown โ€“ Rebound Opportunity? US Tech 100CAPITALCOM:NAS100MarketStrategysignals๐Ÿ“‰ NAS100 Bearish Channel Breakdown โ€“ Rebound Opportunity? ๐ŸŽฏ๐Ÿ“Š NASDAQ (US100) remains under strong bearish pressure, respecting a descending channel after a clear Change of Character (ChoCH) and Break of Structure (BOS). The recent impulsive sell-off has pushed price into the lower boundary of the channel, where buyers may attempt a short-term recovery. ๐Ÿ” Key Technical View ๐Ÿ“‰ Overall market structure remains bearish. โœ… Price has reached a major channel support zone. ๐Ÿ”„ A technical pullback toward the upper trendline is possible if buyers defend current levels. ๐ŸŽฏ Target: 29,350โ€“29,450 resistance area (channel resistance). โš ๏ธ A decisive break below the channel support would invalidate the rebound idea and could trigger further downside. ๐Ÿ’ก Trading Insight Patience is key. Wait for bullish confirmation from the support zone before considering long positions. Until the market breaks the descending channel, the broader trend remains bearish. ๐Ÿ“Š๐Ÿ”ฅ