Nasdaq‑100 Bullish Reversal Signals Potential Rise to 30,770

Nasdaq‑100 has broken higher from a key support zone, suggesting an upward move toward the 30,770 resistance level.

The index rebounded from the support area around 28,585, which aligns with the lower daily Bollinger Band and the 38.2 % Fibonacci retracement of the April upward impulse.

This rebound produced a bullish engulfing candlestick pattern on the daily chart, marking the start of wave 3 in the active impulse sequence.

With the daily trend firmly upward, the Nasdaq‑100 is likely to advance toward the next resistance zone at 30,770, the peak of the prior wave 3.

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