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Take Profit TraderNASDAQ 100 E-mini Futures (NQ1!) – Bearish Breakdown and Key Targets
🧩 NASDAQ 100 E-mini Futures (NQ1!) – Bearish Breakdown and Key Targets
Date: November 5, 2025
Timeframe: 1-Hour Chart (NQ1!)
Market: NASDAQ 100 E-mini Futures
📉 Technical Overview
The NASDAQ 100 E-mini Futures (NQ1!) recently formed a descending wedge pattern, characterized by a series of lower highs and lower lows converging toward a breakout point. After several days of tightening price action, the market broke below the wedge, confirming a short-term bearish bias.
Currently, price action shows a modest relief bounce from the 25,500 zone — a common reaction area following a breakdown — but momentum remains weak below the previous support-turned-resistance region around 25,650–25,700.
🔍 Chart Structure Analysis
- Pattern: Descending Wedge Breakdown
- Trend Bias: Short-term bearish
- Current Zone: Retesting the lower trendline of the wedge
- Key Resistance: 25,650–25,700
- Key Support: 24,800
This retest phase often determines the next directional move. A rejection from the retest zone could attract fresh selling pressure toward the next demand areas.
🎯 Downside Targets to Watch
| Target | Level | Technical Significance |
|---|---|---|
| TP1 | 25,307 | Minor demand zone; initial reaction area |
| TP2 | 25,140 | Previous consolidation base |
| TP3 | 24,973 | Liquidity sweep area; watch for bounce signals |
| Major Support | 24,805 | Strong horizontal demand and potential reversal point |
If the bearish momentum continues, these levels may serve as profit-taking zones for short positions or potential entry zones for countertrend trades.
⚠️ What to Watch Next
- A rejection near 25,650–25,700 could confirm the continuation of the bearish structure toward TP1–TP3.
- Conversely, a 1-hour candle close above 25,700 would invalidate the immediate bearish setup and suggest a possible recovery toward 25,950–26,100, filling the recent price gap.
Traders should monitor price action and volume confirmation closely before taking new positions.
💬 Final Thoughts
The NQ1! setup highlights how wedge breakdowns often lead to strong directional moves when combined with volume confirmation and retests. For prop traders, maintaining strict risk management and using predefined target zones like these can be crucial for consistent performance — especially during volatile sessions.
Stay disciplined, trade your plan, and always protect your capital.