NAS100USD| CONSOLIDATION, THEN DECLINE

HELLO TRADERS

The price has stabilized below the support zone, which strengthens the bearish trend as long as it continues to trade beneath this level. The rationale behind this is that support zones act as a psychological barrier for buyers, and once this level is breached, it signals a shift in market sentiment toward selling pressure. Remaining below this zone suggests that sellers are still in control, and the price is likely to continue its downward movement toward the next support level at 21190.

If the price breaches 21190, the next potential target is the channel support at 20880. For the bearish trend to remain intact, a 4-hour candle close below this level is required, as it would confirm that the selling pressure is sustainable and the trend will continue downward.

On the other hand, if the price reverses and stabilizes above the zone of 21415 to 21590, it would invalidate the bearish outlook.

Tendency Keys: 21190
Resistance Line: 21415, 21590, 21750
Support Line: 21190, 20880, 20540