NASDAQ weekly Projections

The 5mins timeframe will cloud my judgment and indite me to make emotional decisions, that's why I'm staying on 15mins as my lowest for now. and I check up patterns on the 15mins occasionally to see if it aligns with the intra-day and HTF bias.

But looking at the 5mins currently, price broke out from the range box and has now created double lows at 30750 price level. This shows the possibility that price will target the Neckline at 30,850 price level, and a break above that level will present buy opportunities with my former sell entries (30782) now acting as buy entries and I'll have my SL at 30740, below the double lows.

Though the buy is very early but price is almost taking out that neckline

And price bought aggressively from that demand

After the double bottom was created at the 30743-price level, the follow up buys kicked in at 2.30pm rallying price above the neckline without a retest opportunity to find long entries at the neckline region (30,860). It would have really been a nice trade with SL below the lows at 30,743.

After a full breakout from the range box, price invalidated my sell confluence entry at 30913, flipped it and used it as a buy entry for the continuation of the rally.
It also broke above my SL level at 30960 price level and that confirms my Sell bias on NAS 100 today has been terminated.

Price is reacting at the 31,000-price level which coincides with a retest of the trendline as a resistance which I had earlier expected. This can create a price decline down to the new external support that price has formed.
I'll be positioning for buys at 30913, and 30,803 price levels for entries. whichever zone I'll spot a good buy confirmation first, will trigger execution and I'll have my invalidation level below the double bottoms at the 30743-price level.

Yeah. I spotted that too.
You've just marked out the intraday order flow on Nas 100. A revisit to the newly formed demand zone (double bottoms) at the 30850-entry price level, will be a validation of the sequence that the bulls are willing to push price higher from that chain of command. invalidation of the lows at 30743 with a body close below it, will invalidate the sequence.

Price should reject when it get to that level

Yeah and I couldn't take it again because I am done for today already exhausted my daily trading limit

That's understandable

I thought so too. But because it has invalidated last week's Thursday high it would have used as a backup resistance entry level (30913) for shorts and also broken above a key resistance level (31,000-SL), price flipped the zone for a support and is ready to continue its New All-time Highs adventures.

Yeah it's to stick to that direction

Nas 100 Daily Update (5th October 2026)
Trend: Bullish
Bias Bullish
Technical Outlook: Bullish Ascending Channel.

Intraday Analysis: After closing bullish on the weekly and on the daily, price continues its New All-Time adventures today trading above 31057 ATH it had set last week Friday.
I'll be expecting price to continue its rally driving towards the Upper boundaries of the New bullish ascending Channel at 31500 price level.
30996 was a good entry price to join the rally on long positions, but protective stops placement will be a challenge because the current Ideal SL level for that entry would be below 30913, but Asian session can come and easily kick it out.