US100 Price is currently trading inside a corrective bounce following the strong bearish impulse that pushed the market lower on the higher timeframe.NAS100 Despite the recent recovery, the overall structure remains technically weak as price is still trading below key intraday resistance levels. The current move appears to be more of a short term retracement rather than a full bullish reversal.From a structural perspective, the 24,307 level stands as the key trigger for the next directional move.
A confirmed break below 24,307 could open the path for price to continue the bearish momentum toward the 24,100 liquidity zone, which aligns with the recent swing lows and resting sell side liquidity.
This area may act as the next reaction point where the market could potentially find temporary support.
Key Levels
* Breakdown trigger: 24,307
* Bearish target: 24,100
* Current structure: Corrective bounce within bearish flow
As long as price remains below the surrounding resistance zones, the broader bias continues to favor downside continuation.
Traders should watch closely how price behaves around the 24,307 support level, as a decisive breakdown could accelerate the move toward the next liquidity pocket.
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Related publications
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.