Nas Long to clear HH liquidity before correctionUS 100CAPITALCOM:US100In-de-trendHTF Context – Monthly / Weekly / Daily •Big Beautiful Bill (Trump Tax + Spending Bill) oPassed July 4th, acting as a stimulus. oMarkets historically rally on fiscal stimulus expectations (tax cuts + spending packages). oThis fuels bullish sentiment short-term, but long-term raises debt, inflation risk, and rate hike concerns. •Seasonality oJuly is typically strong for equities, especially tech, with mid-July often marking local tops before August pullbacks. •Monthly structure oStrong bullish monthly candles. oNext major fib retracements if rejected: 38.2% ~20,398, 50% ~19,625, 61.8% ~18,852. •Weekly / Daily structure oHH-HL sequence continues. oPrice in premium zone, approaching major supply block 23,200–23,300. oDaily BOS not broken downwards yet. ________________________________________ Key Levels •Major supply / liquidity magnet: 23,200–23,300 (sell-side OB in futures, uncollected liquidity above HH) •Recent swing high: 22,900 •Daily pivot: 22,470 •Intraday demand zone: 22,450–22,350 (4H wedge base + VWAP) •Weekly support shelf: 22,100–22,200 (if lost, major trend shift bearish) ________________________________________ My View – Most Likely Path 1.Price is likely to sweep the liquidity above recent highs into the 23,200–23,300 supply zone. oWhy? Market rarely leaves liquidity uncollected. This move traps breakout buyers and hits stops above HHs. oBig Beautiful Bill fuels the final squeeze higher as algorithms price in fiscal stimulus. 2.After liquidity sweep above 23,200–23,300: oExpect strong rejection from that zone. oInstitutions offload positions into trapped retail longs. oPrice pulls back towards daily and weekly support zones for reaccumulation. 3.Alternate scenario (less likely) oImmediate sell-off from current levels without sweeping HH. oWeak move; would still expect a revisit higher later to clear liquidity before a proper downtrend. ________________________________________ Trade Setups – Intraday & Swing Intraday Long (Most Likely) •Bias: Bullish continuation •Entry Zone: 22,450–22,350 (4H demand + VWAP) •Trigger: 5m/15m BOS up •Stop: Below 22,300. •Targets: First at 22,615, next at 22,845, final at 23,200–23,300. ________________________________________ Intraday Short (Countertrend / Liquidity Sweep Reversal) •Bias: Short from supply after liquidity grab •Entry Zone: 23,200–23,300 •Trigger: Sweep of HH with rejection wick or bearish engulfing candle •Stop: Above 23,350 (structure invalidation). •Targets: First at 22,845, then 22,600, extend to 22,450 if momentum accelerates. ________________________________________ Swing Long (Continuation) •Bias: Bullish trend intact •Entry: After retest of daily pivot (22,470) or 4H demand (22,350–22,450) with 4H CHoCH + BOS up. •Stop: Below 22,200 (weekly support break invalidates). •Targets: 22,845 then 23,200–23,300. Blue sky if above. ________________________________________ Swing Short (Only if structure breaks) •Trigger: Daily close below 22,200 •Bias: Bearish trend shift •Targets: 21,800 first, then 21,000 major fib cluster and weekly MA. ________________________________________ Summary – My Final Opinion Price is in a strong uptrend fuelled by fiscal stimulus, rate cuts and tarrif hopes. I think it will sweep the liquidity above 23,200–23,300 before any deeper pullback or trend reversal. Any rejection from that supply zone will be the cue to short for a structural retracement. Until then, I’ll keep buying dips aligned with the HTF bullish structure.