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 .