The NASDAQ100 (US100) is currently testing a major supply zone around 21,380 – 21,400, marked clearly by repeated price rejection and visible range resistance from LuxAlgo’s Supply & Demand indicator.
After a strong bullish move from the 20,688.51 demand zone, price is consolidating just below resistance, forming what looks like a potential distribution range. If bulls fail to break this level cleanly, we could see a sharp drop toward the next key supports:
First target: 21,044.29 (Minor support / previous resistance)
Second target: 20,688.51 (Major demand zone, confirmed by volume)
Why this setup matters:
The supply zone has already rejected price multiple times – showing seller strength.
RSI is flattening out, showing momentum loss.
U.S. economic events are coming up (marked on the chart) – these could trigger volatility and confirm direction.
Trading Plan:
Watch for a clean rejection or breakout from the blue zone.
A confirmed rejection + bearish candle pattern = short entry with stops above the zone.
A breakout with volume = bullish continuation above 21,400.
Comment below:
Are you buying the breakout or selling the rejection?
Follow for more clean NASDAQ setups every week!
#US100 #NASDAQ #TradingSetup #SupplyAndDemand #LuxAlgo #PriceAction #TechnicalAnalysis #DayTrading #Forex #Indices #RejectionTrade #Breakout
After a strong bullish move from the 20,688.51 demand zone, price is consolidating just below resistance, forming what looks like a potential distribution range. If bulls fail to break this level cleanly, we could see a sharp drop toward the next key supports:
First target: 21,044.29 (Minor support / previous resistance)
Second target: 20,688.51 (Major demand zone, confirmed by volume)
Why this setup matters:
The supply zone has already rejected price multiple times – showing seller strength.
RSI is flattening out, showing momentum loss.
U.S. economic events are coming up (marked on the chart) – these could trigger volatility and confirm direction.
Trading Plan:
Watch for a clean rejection or breakout from the blue zone.
A confirmed rejection + bearish candle pattern = short entry with stops above the zone.
A breakout with volume = bullish continuation above 21,400.
Comment below:
Are you buying the breakout or selling the rejection?
Follow for more clean NASDAQ setups every week!
#US100 #NASDAQ #TradingSetup #SupplyAndDemand #LuxAlgo #PriceAction #TechnicalAnalysis #DayTrading #Forex #Indices #RejectionTrade #Breakout
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.