NAS100 🌍

The macro narrative heading into this week is heavily anchored to corporate earnings performance and broader economic growth metrics, with market participants closely tuning in to top-tier tech results and key rate expectations 🏦. Interestingly, general online sentiment is leaning notably cautious, with widespread market chatter expecting a sharp pullback from recent highs. This extreme retail skepticism is setting up a classic liquidity trap where weak hands get shaken out right as institutional demand steps in to fuel the expansion.

Looking at the 1-Hour chart, we have clear confirmation of a Bullish Market Structure, highlighted by successive Break of Structure (BoS) signals driving price out of prior consolidation 📈. Standard Wyckoffian logic tells us we've transitioned firmly out of a re-accumulation phase and into full markup mode, traversing cleanly through ascending parallel channel structures. While online communities are actively trying to call a top and short into this momentum, the structural higher-highs and higher-lows continue to validate our underlying strength.

Key Zone: Price is currently holding above the high-density Volume Profile node around 28,452.86 (Point of Control / High Volume Node confluence) and working its way above the Value Area High around 28,581.06 📉.

We are trading in price discovery mode above the prior balance area, perfectly aligned with our thesis to see price break out and hold above the broader volume profile range. I am watching for price to break cleanly above the upper resistance target near 28,873.60, complete a swift sweep of late-entering break-out traders, and offer a precise retest 🧹. If price breaks above, retests this key high-value area, and fails to breakdown back into the profile range, it will confirm acceptance and signal that higher prices are coming.

My Trade Plan 🎯

Bias: Long (Patience required for acceptance above value).
Entry Protocol: Buy on a confirmed bullish Break of Structure (BoS) followed by a successful retest and rejection of the upper range resistance near 28,581 - 28,600. If price fails the retest and accepts back inside the volume profile value area, we abandon the idea immediately.