USNAS100 - Bullish Correction then Bearish Resuming!

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USNAS100 - Bullish Correction then Bearish Resuming!US Nas 100OANDA:NAS100USDSroshMayiUSNAS100 Analysis – February 26, 2025 📉 Bearish Momentum Holding Below Resistance The NASDAQ 100 (USNAS100) continues to exhibit bearish pressure, trading below 21,390, which now acts as a key resistance level. The price has stabilized above 21,166, suggesting a possible short-term correction toward 21,390 before resuming its downtrend. Technical Outlook 🔻 Bearish Scenario: As long as USNAS100 remains below 21,390, the bearish momentum is expected to persist, with downside targets at 21,250 and 21,166. A 4H or 1H candle close below 21,166 would confirm further selling pressure, pushing the price toward 20,987 and 20,885. 📈 Bullish Reversal: If the price stabilizes above 21,390, a short-term recovery could lead to a retest of 21,560 and 21,807, signaling a potential shift in momentum. 📉 Correction Movement: The price is likely to retest 21,390 from 21,220 as part of a correction phase before resuming its decline. ⚠️ Market Impact: Geopolitical tensions and U.S. tariff policies continue to pressure equity markets. The uncertainty surrounding trade relations is weighing on investor sentiment, reinforcing a cautious market outlook. Key Levels to Watch 🔸 Resistance: 21,390 | 21,560 | 21,807 🔹 Pivot Zone: 21,220 🔻 Support: 21,166 | 20,990 | 20,885 📉 Directional Bias: Bearish below 21,390 – A confirmed breakdown below 21,166 would accelerate downside momentum. Previous idea: |