NAS100 - Monthly Demand Zone Rejection | Massive Bullish PotentThe NAS100 has pulled back significantly from its all-time highs, retracing into a major monthly demand zone aligned with the 50% Fibonacci retracement level (16,344.76).
🔍 Key Technical Highlights:
Demand Zone: Price has tapped into a historically strong demand block between 14,955 – 16,344 (gray box), which previously acted as a launchpad for the last rally.
Fibonacci Levels: Price bounced right off the 50% Fib level, showing early signs of bullish interest. Below lies the 61.8% and deeper retracement levels at 14,955 and 13,872 respectively—strong areas to watch if price dips further.
Bullish Reversal Candlestick: Current monthly candle showing potential reversal with high buying pressure.
RSI: The RSI is rebounding from near the 40 level, historically acting as support during major bull runs.
🎯 Trade Idea:
Entry: Near current levels or on a retest of 16,344
Target: 25,410 (Previous ATH and Fibonacci extension zone, +27%)
Stop Loss: Below 14,000 support, giving room for volatility
🧠 RSTRADING View:
We’re anticipating a long-term bullish reversal as the market finds footing at a key institutional zone. With macroeconomic optimism returning and tech stocks regaining momentum, NAS100 could be setting up for a new leg higher.
