NAS100USD Bullish Reversal: Gap Fill & Upside Target in Focus📢 Title: NAS100USD Bullish Reversal: Gap Fill & Upside Target in Focus 🚀
📊 Current Price Action:
The latest price is 21,490.1 📈, showing a +0.29% gain (+62.3 points) ✅.
The 200 EMA (Exponential Moving Average) 📊 is at 21,365.2, suggesting the price is slightly above this key moving average.
📌 Key Levels & Market Structure:
🔻 BOS (Break of Structure): Indicates a bearish structure break before the current recovery.
📉 GAP: There is a visible gap in the price action, which often acts as a magnet for price movements.
💰 Liquidity & Internal Liquidity (Int. LQ): Suggests areas where institutional interest may have been present.
📈 Trend & Potential Direction:
The price recently bounced off the 200 EMA 🔄, indicating possible bullish momentum 📈.
The ⬆️ arrow projection suggests a bullish outlook, targeting the gap fill and potentially moving higher towards 21,800 - 22,000.
If price holds above 21,365, the bullish thesis remains valid ✅.
🏆 Conclusion:
🐂 Bullish Bias:
Price is recovering from a break of structure (BOS) and pushing higher towards unfilled gaps 📊.
📍 Key Levels to Watch:
🛑 Support: 21,365 (200 EMA) – If it breaks below, downside risk increases ⚠️.
🚧 Resistance: 21,600 (gap area) – Price might struggle before breaking through 🚀.
💡 Trade Idea:
A 📈 long position targeting 21,800+, with a stop loss below 21,365 🔥.
