NASDAQ (NAS100 ) MARKET ANALYSIS

 Good morning traders, I hope you're all well and having a pipstatic week with the volatility in the markets as seen lately. Into the charts today, NAS100 price dropped to a major H4 & daily chart demand zone at 10695.17 & 10497.42 which is the origin of the previous rally to the major H4 & daily supply at 11672.94 & 11522.19 filling the major range from demand to supply and back to demand. Price dropped into demand, reversed and rallied by a constant push away from demand. Price took out the minor H1 supply at 10920.40 & 10843.24 and formed a higher high at 11023.07 confirming a shift in market structure to bullish. Price dropped to retest the broken minor demand as new supply before a continuation of the rally. Price formed a rejection wick, candle close above the zone followed by a rally taking out the previous higher high at 11023.07 and forming a higher high. Took buy entries during late NY session at 10917.10 with SL at 10855.70. Setup taken is a rally base rally, a continuation setup and my target is at the major H4 & daily chart supply zone at 11672.94 & 11522.19, the origin of the drop to demand. 

  

Price dropped back to the next H1 & H4 low and demand at 10781.63 after breaking the minor H1 demand and dropping lower. Price slightly consolidated at the H1 low then strongly rallied by a large H1 bullish candle that took out the previous H1 high at 11170.16 and formed a higher high confirming the bullish sentiment. Price continued rallying, forming higher highs and rallied 805 points to 11593.61 back inside the major H1 & H4 supply zone at 11672.94 & 11525.18. Price has filled the H1 & H4 range from supply to demand and back to the major H1 & H4 supply which is the origin of the previous drop to demand. Price has rallied 900 points to 11694.60 taking out the H1 & H4 major supply which was my anticipated target zone and still showing more bullish potential.