$NAS100

‌
The market has shifted from a consolidation phase into a bearish structure, breaking down from the previous support zone around the 26,980 level; the price action has created a lower low at 26,640.31, confirming a shift in market structure to the downside.

The K-lines show a strong rejection near the top at 27,207.21 followed by a heavy sell-off, and price is currently retesting the 26,962 level which aligns with the middle Bollinger Band (MB: 27,006.31); the MACD is negative with DIF (-28.43) below DEA (-16.31), indicating bearish momentum is still dominant despite the small green bounce.

Trading Plan
My plan is to watch for a rejection or a continuation of the bearish trend; if price fails to break back above the 27,000 psychological level and the WMA26 (26,987.04), I will look for short entries targeting the recent low of 26,640.31.

I predict the index will remain under pressure and potentially drift lower toward the lower Bollinger Band at 26,820.80, as the TRIX indicator is pointing downward and the overall trend structure is weak.

What Trade Plan I Follow and Why❓️

I follow a trend-continuation (short) strategy because the MACD histogram is red and the fast moving averages (WMA5 and WMA10) have crossed below the medium-term average (WMA26), signaling that sellers are in control.

When I Start My Trade❓️

I will start my trade upon a clear bearish candlestick close below the 26,900 support level, or on a retest of the 27,000 resistance zone that fails to break through.

The chart shows a "Bearish Engulfing" or strong bearish candle followed by a "Doji" or spinning top, which suggests indecision at the current level but with a bearish bias due to the preceding sharp drop.

The final verdict is Bearish; the market is in a retracement phase after a significant drop, and unless the price reclaims 27,200, the path of least resistance remains downward toward the 26,640 support.