NAS100 4H Channel: Bounce or Breakdown?

NASDAQ100 has been trending within a clean ascending channel on the 4H timeframe. We’re now sitting at a crucial decision point — the midline and horizontal support around 23,670.

This zone has historically acted as a strong S/R pivot. If price holds, we could see another bullish bounce toward 24,000+. But if it breaks and closes below, we may get a clean drop toward the bottom of the channel — with 23,200 and 22,663 as targets.

Plan:
• Wait for a 4H close above or below the 23,670 level
• Bullish scenario: Bounce toward upper channel (~24,300)
• Bearish scenario: Drop to lower channel boundary with incremental TP levels

Structure:
• 4H rising channel structure still intact
• Price testing midline zone
• Horizontal level at ~23,670 adds confluence
• No confirmed break of channel yet

Key Zones:
• Support: 23,670 (midline + structure support)
• Bullish flip zone: 23,967
• Bearish continuation zones:
‣ 23,200
‣ 22,994
‣ 22,663