NQ1! – Bearish Descending Channel, Short Setup Active Nasdaq 100 futures remain trapped inside a bearish descending channel on the 4H chart after failing to reclaim the 25,500 zone.
Key points: Series of lower highs along the blue upper trendline
Strong rejection every time price touches the channel top
Support cluster 25,000–24,800 tested multiple times but showing weakening bounces
RSI slipping toward oversold, but momentum still favors sellers
Bearish plan
Current price rejecting the upper channel again around 25,300–25,320
→ Short entry zone 25,280–25,320
Target 1: 25,000
Target 2: 24,800 (lower channel boundary)
Target 3: 24,500 (channel breakdown target)
Stop-loss above 25,450 (clear invalidation)
Risk/Reward → 1:1.8 average Bullish reversal only on strong break and close above 25,400–25,450 with volume (then first target 25,800). As long as we stay inside this channel, bias is short. Holiday-thinned liquidity can accelerate the move on Friday open.
Short setup live.
