US NAS100US Nas 100OANDA:NAS100USDTriple7CapitalUS Nas100 — Descending Channel Reaction Price is reacting off the Monthly Open (28,191.8) inside a well-defined descending channel on the 4H. A corrective bounce toward the upper trendline (29,196.9) is the higher-probability near-term path before the channel likely reasserts control. Key levels: - Support/bounce zone: 27,688–27,900 - First target: 28,600 - Trendline resistance: 29,196.9 - Invalidation: below 27,500 A confirmed rejection at 29,196.9 opens the door for continuation lower through the channel toward 26,409.5. "The Art of Real Trading"