Bearish Reversal and Liquidity Sweep on NASDAQ

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Bearish Reversal and Liquidity Sweep on NASDAQUS Tech 100 CashIG:NASDAQDenver_TraderThe market structure has shifted bearish following a clear smart money reversal at the recent highs seen in A confirmed stop hunt cleared out the internal buy-side liquidity, paving the way for a deeper corrective move. Price has displaced downward and is now pulling back to mitigate the premium supply area. It is currently testing a well-defined resistance zone, creating an optimal environment for short entries. We expect the market to hold this level and expand lower toward the resting sell-side targets. The primary focus is to catch the downside expansion once the corrective phase completes. Key Levels and Indications: The blue resistance zone acts as our major premium supply barrier for this setup. Downside targets are heavily focused on the engineered liquidity resting at the lower support. We will monitor the price action closely and look for shorts as it tests our Entry Limit. Note: Trading is risky; always follow your own trading plan.