NASDAQ (NDQ) Bearish Continuation Cup & Handle FailureUS 100 IndexTVC:NDQPhoenixFX16NASDAQ (NDQ) Bearish Continuation – Cup & Handle Failure 📉 Description: NASDAQ has formed a textbook Cup & Handle pattern, but bullish continuation failed as price faced strong rejection near the neckline resistance. Following the rejection, the market entered a descending channel, signaling weakening buying pressure and increasing bearish momentum. Recent price action has broken below the channel support and key dynamic support levels, confirming a bearish continuation scenario. The strong bearish candles and inability of buyers to defend higher prices suggest that market sentiment has shifted in favor of sellers. This breakdown indicates that liquidity below current price levels is now the primary target. As long as price remains below the broken channel and resistance zone, the bearish outlook remains intact. The first area of interest lies around 29,180, where price may seek liquidity and potential reaction. A sustained move below this level could expose the next major downside objective near 28,618. Bias: Bearish 📉 Target 1: 29,180 Target 2: 28,618 Structure: Cup & Handle Failure + Bearish Channel Breakdown Outlook: Sellers remain in control, favoring further downside continuation toward lower liquidity zones.