NAS100 4H | Fibonacci Bounce or Break? Key Trendline Test Incomi

📈 Description:
Price is currently testing a key ascending trendline on the 4H, sitting just below the 38.2% Fib retracement after rejecting near the 0% level. I’m watching this area closely for either:

✅ A bullish bounce from the 38.2%–50% zone with confluence from EMA 20 and trendline support — targeting 0% then -27% extensions (around 21,750 to 22,200),
or
❌ A clean break and close below the trendline + 61.8% level that could shift short bias toward deeper Fib zones like 78.6% or even 100%.

Indicators Used:
• EMA 20 / EMA 68 for dynamic S/R
• Fibonacci retracement (swing low to recent high)
• Trendline (4H structure support)

🧠 I’ll wait for clear structure before entering — no early entries here. Looking for a strong engulfing candle, MA crossover, or lower-timeframe breakout confirmation depending on the direction.

📍Will update if we get confluence on the 15min/1hr to support entry.