NAS100 Breakout – Eyeing Bullish Extensions or False Break?

The NAS100 (US100) is in full breakout mode on the daily, surging past previous highs near 22,140 with strong momentum. Price is now trading at ~22,550, decisively above prior resistance, which could now act as support if we retest.

🔎 Multi-Timeframe Breakdown:

✅ Daily Chart:
• Massive bullish structure intact.
• Clean breakout above horizontal resistance at 22,140.
• Price riding an aggressive ascending trendline — watching for sustained closes above breakout level.

✅ 4H Chart:
• Higher lows and bullish impulsive candles confirm buyers in control.
• Multiple support zones below (22,300, 22,100) for potential retests.
• Key short-term resistance formed near 22,650 — a rejection here could trigger correction.

✅ 1H & 23m Charts:
• Micro pullback seen after tagging fresh highs; price still holding above short-term trendlines.
• Consolidation zone between 22,500–22,600 could be decisive for next move.

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📌 Key Zones to Watch:
• Support: 22,300 / 22,140
• Resistance: 22,650 / 22,800
• A breakout retest could confirm continuation; otherwise, failure to hold support might signal a fakeout.

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📈 Bias: Bullish (Long)
While momentum remains strong, be prepared for potential sharp corrections given overextension.

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What do you think? Drop your thoughts below! 🚀👇