NASDAQ (NAS100) MARKET ANALYSIS

 Good evening traders, I hope you're all doing well and having a fantastic week. Into the markets today, NAS100 price rallied to a key H4 & daily chart supply zone at 12024.78 & 11860.30 which is the origin of the previous drop to the major H4 & daily chart demand zone at 10706.19 & 10510.18. Price has filled the major H4 & daily range from supply to demand and back to supply. Price rallied into supply and formed a rejection wick, candle close inside supply followed by a strong drop out of supply in 2 strong H4 bearish candles with candle close below supply. Price retested supply forming a lower high at 11915.83 then gained more bearish momentum pushing price lower. Took sell entries during NY session at 11851.20 with SL at 12001.11. 
Setup taken is a rally base drop a reversal setup and my 1st target is the 1st H4 low at 11600.00 before price takes out the low and pushes lower.

Price gained momentum and dropped 330 points to the 1st H1 low at 11519.87. Price retraced back to the previous H1 high at 11766.60 but didn't take out the high and held my positions as I awaited more bearish momentum. Price rallied back to 11800.00 making me close out my positions then dropped to 11600.00 in one strong H4 bearish candle and closed the week at 11678.00. My bias still remains bearish even though I closed out my positions as price formed a lower low at 11520.30 and equal H1 highs at 11800.00 so I'll be looking for more short opportunities into the coming week. I anticipate a continuation of the drop back to the major H1 & H4 demand zone at 10824.19 & 10677.46 which is the origin of the previous rally to the key H4 & daily chart supply zone at 12024.78 & 11860.30.