Price on the US100 has put in a significant bullish impulse from the 28,630 swing low, rallying hard into the 29,372 highs before distributing and breaking down aggressively. A clear CHOCH has now been confirmed on the 4H timeframe, signalling a shift in market structure from bullish to bearish. Price has retraced back up and is currently hovering around the 0.618 – 0.786
Fibonacci retracement zone (29,088 – 29,213), with the higher probability entry sitting at the 78.6% level at 29,213.
This is a premium zone sell — price is being offered at a discount to the bears. The path of least resistance is down.
Key Confluences:
4H CHOCH confirmed — structure has flipped bearish
78.6% Fibonacci retracement (29,213) — deep premium zone
0.618 already tested (29,088) — price showing hesitation
Bearish descending trendline overhead acting as dynamic resistance
Previous support now flipped resistance around 29,200 area
Weak high visible above — liquidity target before reversal possible
Trade Plan (SELL):
Ideal Entry: 29,180 – 29,213 (78.6% fib / premium zone reaction)
SL: Above 29,372 (above the swing high / full fib level)
TP1: 29,001 (0.5 fib / equal lows)
TP2: 28,913 (0.382 fib)
TP3: 28,630 (full retracement / swing low)
Alternate scenario: If price rejects early at the 0.618 (29,088) and prints a 15M bearish CHOCH, an earlier entry is valid with the same targets. Wait for confirmation — do not sell into a moving candle.
Watching for 15M–30M bearish CHOCH or engulfing rejection at the 78.6% before pulling the trigger.
US100 1HR — SELL FROM 78.6% PREMIUM ZONE | 4H CHOCH ACTIVE
Fibonacci retracement zone (29,088 – 29,213), with the higher probability entry sitting at the 78.6% level at 29,213.
This is a premium zone sell — price is being offered at a discount to the bears. The path of least resistance is down.
Key Confluences:
4H CHOCH confirmed — structure has flipped bearish
78.6% Fibonacci retracement (29,213) — deep premium zone
0.618 already tested (29,088) — price showing hesitation
Bearish descending trendline overhead acting as dynamic resistance
Previous support now flipped resistance around 29,200 area
Weak high visible above — liquidity target before reversal possible
Trade Plan (SELL):
Ideal Entry: 29,180 – 29,213 (78.6% fib / premium zone reaction)
SL: Above 29,372 (above the swing high / full fib level)
TP1: 29,001 (0.5 fib / equal lows)
TP2: 28,913 (0.382 fib)
TP3: 28,630 (full retracement / swing low)
Alternate scenario: If price rejects early at the 0.618 (29,088) and prints a 15M bearish CHOCH, an earlier entry is valid with the same targets. Wait for confirmation — do not sell into a moving candle.
Watching for 15M–30M bearish CHOCH or engulfing rejection at the 78.6% before pulling the trigger.
US100 1HR — SELL FROM 78.6% PREMIUM ZONE | 4H CHOCH ACTIVE
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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.