NAS100 is currently testing a major demand zone, which has previously acted as strong support. The recent bearish move has brought price into this key area, increasing the probability of a potential bullish reversal.If buyers step in and defend this zone, we could see a bounce toward the 21,655 level, aligning with a short-term recovery from the current dip. However, a break and close below this support zone would invalidate the bullish bias and could lead to further declines.
Traders should look for bullish confirmation signals such as rejection wicks, bullish engulfing candles, or a shift in momentum before considering long positions.
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