US100 is showing early signs of a bullish recovery after breaking above the descending trendline, suggesting that bearish momentum is weakening. Price has rebounded strongly from the recent swing low and is now holding above a key demand zone, indicating that buyers are stepping back into the market.
The current structure suggests that bulls are attempting to regain control. If price can maintain support around the breakout area and secure a strong close above the nearby resistance zone, the next upside targets could be 29,250, followed by 30,000+. A successful breakout above these levels would confirm a stronger bullish continuation.
However, traders should remain patient. The highlighted supply zone overhead may trigger temporary pullbacks or profit-taking before the next impulsive move. As long as the price continues to form higher lows and holds above the key support region, the overall bias remains cautiously bullish.
This analysis is shared for educational purposes only and should not be considered financial advice.
The current structure suggests that bulls are attempting to regain control. If price can maintain support around the breakout area and secure a strong close above the nearby resistance zone, the next upside targets could be 29,250, followed by 30,000+. A successful breakout above these levels would confirm a stronger bullish continuation.
However, traders should remain patient. The highlighted supply zone overhead may trigger temporary pullbacks or profit-taking before the next impulsive move. As long as the price continues to form higher lows and holds above the key support region, the overall bias remains cautiously bullish.
This analysis is shared for educational purposes only and should not be considered financial advice.
Trade ativo
Trade fechado: objetivo atingido
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✅FREE FOREX Signals in Telegram
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/addlist/HQkSG2wvcytjYmJk
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/addlist/HQkSG2wvcytjYmJk
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.