One last squeeze and NAS100 could explode into the next rally

5 天前

The NAS100 is currently coiling within a tight consolidation range, showing signs of tension building up. After a strong push upward, price has been moving sideways in a narrowing structure. This build-up around the high, a compression of buyers and sellers in a low-volatility squeeze could be an indication that we could use. This kind of price action typically signals that buyers are gaining control, squeezing out sellers with each dip.

The lack of deep pullbacks combined with increasingly shallow sell-offs shows fading bearish momentum. Which is often typical during a buildup phase before a breakout. If buyers can push price above with a strong close, it could trigger breakout momentum and lead to a continuation of the larger bullish trend.

Ideally, if price reacts positively and forms bullish confirmation, it would set up a solid continuation entry, with upside potential toward the next target of 23.400.

Until then, bulls are watching closely for signs of commitment. The breakout is yet to be confirmed, but the squeeze is on, and the pressure is building.
What will happen next?

Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

5 天前

註釋