US100: Buyers Defend Major Support – Rebound Ahead?
US100 has declined into a major demand zone, an area that has previously attracted strong buying interest. This is the second test of this support, making it a critical level for determining the market's next move.
While the setup offers a potential bullish reversal, it remains high risk.
Buying directly into support without confirmation can expose traders to false bounces, especially if selling pressure remains strong. Waiting for a bullish rejection candle may provide a higher-probability.
If buyers successfully defend this zone, the first upside target is 29,130, where previous support has turned into resistance. A sustained breakout above that level could pave the way toward the next objective at 29,760.
Main Targets:
Target 1: 29,130
Target 2: 29,760
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
US100 has declined into a major demand zone, an area that has previously attracted strong buying interest. This is the second test of this support, making it a critical level for determining the market's next move.
While the setup offers a potential bullish reversal, it remains high risk.
Buying directly into support without confirmation can expose traders to false bounces, especially if selling pressure remains strong. Waiting for a bullish rejection candle may provide a higher-probability.
If buyers successfully defend this zone, the first upside target is 29,130, where previous support has turned into resistance. A sustained breakout above that level could pave the way toward the next objective at 29,760.
Main Targets:
Target 1: 29,130
Target 2: 29,760
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Trade active
From our analysis, US100 found a strong support near the 28300 level, as expected.
The bulls took control of the price pushing US100 further to the 29000 level.
All companies continue to report strong earnings pushing the price higher. It is possible to extend it to the 30200 level.
Considering that the market is volatile for no reason, I would advise using CALL OPTIONS.
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.