Nas100 weekly candle closed as a bullish engulfing with a strong rejection of 11500. Scaling in to the H4 TF we have nearly 7 touches at our key level of interest. Holding this support strong around 12500 will give us the confidence to go long to continue to bullish trend established by the breakout of the downtrend line. Otherwise, we await the breakthrough to the downside, scale in for the break and retest to join the bearish momentum back down to 11 thousands.