USNAS100| REJECTION FROM RESISTANCE ZONE
HELLO EVERYONE
The price is currently trading within a descending channel, respecting its structure by rejecting the upper trendline after touches, then initiating a decline. This confirms the prevailing bearish momentum in the market.
To validate further downside movement, we are waiting for a break below the support zone at 21,615 - 21,415. A successful breakdown of this area will likely trigger a sharp drop towards 21,180 and eventually 20,880, aligning with the downward trend.
On the other hand, for an uptrend scenario to be confirmed, the price must break out of the descending channel and successfully cross above the key resistance zone. This would signal a shift in market structure, invalidating the bearish bias and activating a potential reversal.
Tendency Keys: 21,615 - 21,415
Resistance Line: 21,980, 22,120, 22,600.
Support Line: 21,615, 21,415, 21180
The price is currently trading within a descending channel, respecting its structure by rejecting the upper trendline after touches, then initiating a decline. This confirms the prevailing bearish momentum in the market.
To validate further downside movement, we are waiting for a break below the support zone at 21,615 - 21,415. A successful breakdown of this area will likely trigger a sharp drop towards 21,180 and eventually 20,880, aligning with the downward trend.
On the other hand, for an uptrend scenario to be confirmed, the price must break out of the descending channel and successfully cross above the key resistance zone. This would signal a shift in market structure, invalidating the bearish bias and activating a potential reversal.
Tendency Keys: 21,615 - 21,415
Resistance Line: 21,980, 22,120, 22,600.
Support Line: 21,615, 21,415, 21180
Trade active
The price has broken out of the descending channel and risen into the last high resistance zone. For today's session, it must establish a position above 22,120 to confirm an upward trend. Alternatively, failure to surpass this level may result in a decline toward the lower support level. We must wait for the next market movement before determining the next course of action.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
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THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.