US100: Short setup using fib levels from flash candle

NASDAQ m30 chart analysis: short action!!

The chart signals a potential short opportunity after breaking the previous bullish structure and printing a strong bearish flash candle. The strategy focuses on shorting the pullback using fibonacci retracement measured from that candle.
🔺 1. Structure break and flash candle confirmation

• The price broke below the rising trendline supporting the bullish move from sep 26 to sep 30.
  
• Immediately after, a large bearish flash candle appeared — signaling strong selling pressure and a potential trend reversal.
  
• This candle becomes the reference point for measuring the retracement and anticipating a continuation to the downside.
  

📏 2. Measuring fibonacci from the flash candle (high → low)

• Apply fibonacci from the high to the low of the flash candle.
  
• This technique identifies potential resistance zones within the context of that specific bearish move.
  

Key fibonacci levels to watch:
0.5: 24,472.0 | 0.618: 24,486.4 | 0.786: 24,506.9

🎯 3. Ideal entry zone: from 0.382 to 0.786

• After a strong bearish flash candle, price often pulls back moderately before continuing lower.
  
• The optimal short zone is between fibo 0.382 and 0.786:
  
• This respects the integrity of the bearish impulse.
  
• A retracement smaller than 0.382 may be too shallow to confirm a strong rejection.
  
• A retracement beyond 0.786 might indicate loss of bearish momentum and invalidate the flash candle setup.
  

🎯 4. Bearish scenario and targets
If price reacts at the 0.382–0.786 zone and resumes downtrend, a potential ABC bearish correction forms:
A: Flash move down
B: Pullback to fib zone
C: Next impulsive leg down
Suggested take-profit levels:
🎯 Target 1: 24,322.1
🎯 Target 2: 24,248.5
🛡️ Stop-loss: above the flash candle’s high (around 24,533)

✅ Summary
After a structure break and a decisive bearish flash candle, us tech 100 is showing a clear bearish setup.
Using fibonacci measured from the high to low of the flash candle helps identify high-probability pullback zones.

📌 Entry zone: between 0.382 and 0.786 retracement — outside this range, the flash candle's power may be invalidated.
This is a momentum-following trade with defined entry, stop loss, and take profit zones.

Wait for confirmation from price action within the fib levels before entering.

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Harry Andrew @ ZuperView