NASDAQ (US100) – Bullish Expansion in Progress After H4 Breakout
Weekly and daily structure remains intact as H4 breakout aligns with fresh Fibonacci targets
Market Overview
The US100 is advancing within a well-established bullish structure across all major timeframes. The recent break of the H4 countertrend confirms alignment with the larger trend, opening up new target Fibonacci zones. Price is currently pressing against upper weekly and daily extension levels with potential for further continuation.
Long-Term Outlook
The weekly chart confirms sustained bullish structure, now trading above the 113.20% Fibonacci extension at 22,852.3. Weekly pivots at 21,774.6 and 21,631.1 remain untouched, underscoring a clean breakout without retest. The expansion phase is active, with the next structural resistance projected near the 23,300–23,400 zone based on upper weekly Fibonacci levels.
The Daily Chart
The daily structure continues its bullish leg, holding above the daily pivot at 22,478.6. No breakdown has occurred since the last breakout, validating continuation. Daily price action shows compression under resistance, likely preparing for further upside as long as the pivot structure holds.
Short-Term Dynamics
On H4, the countertrend line has now been broken. Price is forming a bullish wave structure above the key H4 pivot at 22,679.4, with higher highs and higher lows confirming momentum shift. The clean breakout near 22,798.1–22,883.2 now acts as a trigger zone for continuation.
If this structure holds, H4 Fibonacci targets are aligned at: 23,000-23,090
Trigger Conditions
Long Trigger: Break and hold above 22,798.1–22,883.2 zone confirms bullish continuation
Short Trigger: None valid unless H4 pivot 22,679.4 is broken and structure fails
Target Zones
H4 Target Fibonacci: 23,000, 23,040, 23,085
Weekly Fibonacci: 23,300–23,400
Validity
The H4 pivot at 22,679.4 is the first structure guardrail. A clean break below this level would invalidate the short-term bullish continuation and signal potential consolidation or correction.
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