NAS100 Rebound Setup – Bulls Gaining Strength Again?

The NAS100 has bounced strongly from the high-volume demand zone (16,700 – 17,800) highlighted by LuxAlgo's Supply and Demand indicator. The current price is consolidating near 18,700, building momentum for a potential breakout.

Key Technical Zones:

Demand Zone: 16,700 – 17,800 (high buy interest)

Support Level: 17,828.9

Resistance 1: 20,350.6 (first upside target)

Major Supply Zone: 21,775.4 (big decision point for bulls)


Bullish Outlook:

Price has reclaimed the 17,828.9 support and is forming higher lows.

A strong break above 19,000 could send price to test 20,350, then possibly 21,775.

Green arrows show the bullish potential if price holds above support.


Bearish Risk:

A breakdown below 17,828.9 could signal a return to the demand zone.

Watch for rejection candlesticks or divergence signals near resistance.


Volume Profile Insight:
LuxAlgo's visible range shows strong buyer interest below 18,000, indicating institutions may be accumulating positions.


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Trade Idea: Look for a confirmed breakout above recent highs near 18,800 for long entries. Conservative traders may wait for a pullback to 17,800 for better risk-reward.


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What’s your take on NAS100? Will buyers push it to 20K+ or is this just a trap rally? Share your thoughts below!

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