In today’s analysis of NAS100USD, price action remains bearish; however, key confluences suggest a potential bullish reversal, signaling a shift towards bullish institutional order flow.
Key Observations:
Rejection Block as Institutional Support: Price is currently respecting a rejection block, which acts as a bullish order block—an institutional support zone that may catalyze a reversal.
Engineered Trendline Liquidity: As price has been pushing downward, it has been engineering trendline liquidity. This liquidity serves as a key target for institutional activity, reinforcing the potential for a bullish move.
Trading Plan:
Await bullish confirmation before considering entries.