The US100 Index has bounced off the lower boundary of its ascending channel, suggesting a potential reversal after a sharp pullback. Historical price action shows similar rebounds at this level (green arrows), often leading to strong upward momentum. If the support holds, the index may target the upper channel resistance near 23,491. However, short-term consolidation is likely before continuation, as indicated by the projected curved path. Watch for bullish confirmation above 23,000 to validate the recovery scenario.
US100 bounced from channel support near 22,700, signaling a potential bullish reversal. If the bounce holds, the next target is 23,491. Short-term consolidation likely before upward continuation. Watch for a break above 23,000 for confirmation.
US100 bounced from channel support near 22,700, signaling a potential bullish reversal. If the bounce holds, the next target is 23,491. Short-term consolidation likely before upward continuation. Watch for a break above 23,000 for confirmation.
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