**My NQ notes from recent higher timeframe price action (4H perspective)**
* NQ is currently trading around **24,367**, consolidating after a **sharp selloff and structural breakdown**.
* Price has clearly **lost key levels (24,867 → 24,624 → 24,486)**, confirming **bearish continuation on the 4H timeframe**.
* The move into **~23,772** marked a **major liquidity sweep**, followed by a reactive bounce — but price remains **below key resistance zones**.
* Current price action is forming a **tight consolidation range between ~24,100 and 24,550**, signaling **compression before the next move**.
* Volume expanded significantly on the drop, showing **strong seller control**, while the bounce lacks the same conviction.
* Structure remains **lower highs and lower lows**, with no confirmed shift in trend yet.
Overall structure remains **bearish, with consolidation suggesting a potential continuation move unless resistance is reclaimed**.
**Levels I’ve been tracking**
* **24,995**: Upper resistance
* **24,867**: Major resistance
* **24,624**: Strong resistance
* **24,550 – 24,486**: Key resistance zone
* **24,367**: Current reaction area
* **24,212**: Immediate support
* **24,101**: Key support
* **23,800 – 23,772**: Major liquidity zone
* **23,500 area**: Lower support
**Volume and behavior notes**
* The breakdown through key levels confirms **bearish continuation and structural weakness**.
* The bounce from **23,772** appears to be a **liquidity reaction**, not sustained buying.
* The **24,486–24,550 zone** is the key decision area — rejection here favors downside continuation.
* Compression between **24,100 and 24,550** suggests a **range that is likely to resolve with expansion soon**.
* A move below **24,212** likely opens continuation toward **24,101 → 23,800 → 23,772 → 23,500**.
**Overall read from my notes**
NQ is currently **compressing after a major breakdown**, trading in a **tight range just below key resistance**.
As long as price remains **below 24,550**, this continues to favor a **bearish continuation toward 23,800 liquidity**.
A breakout above **24,550–24,624** could trigger a **short-term squeeze**, but the broader structure remains **bearish until higher highs are established**.
This is a **compression setup — leaning bearish unless resistance is reclaimed**.