NASD100USD / TRADING BELOW ATH PRICES / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Price Action , The Nasdaq has reached a historical peak (ATH) around 21,250, Prices are showing signs of a potential decline after hitting this high, suggesting a possible retracement.
ATH Resistance (21,250): If prices stabilize below this level, it signals a likely bearish trend.
Demand Zone (20,906 - 20,781): This is the first support area where buyers may re-enter. If prices reach here and hold, it could signal consolidation or a potential bounce.
FVG Zone (20,482 - 20,324): A further decline to this fair value gap would confirm a downtrend, indicating bearish pressure. Breaking this level would suggest a more substantial downturn.
If the Nasdaq breaks below the FVG, it’s expected to target the next demand zone between 20,074 and 19,916, which represents a significant support range for a potential bounce or further drop.
If prices stabilize above the FVG zone (20,482 - 20,324), this could indicate potential for a rally back towards the ATH at 21,250, as buyers maintain control in this range.
