US100 CFDShort
US100: Correction Complete, Downtrend Resumes
In US100, it seems we have completed a correction in the form of an upward Zigzag. This was followed by a five-wave structure to the downside, signaling a shift back to bearish momentum. I anticipate a brief corrective move upward, likely forming a three-wave structure, before the market continues its decline.
This setup aligns with the broader downtrend, and traders should remain cautious, watching for the correction to complete before considering positions in line with the bearish outlook.
This setup aligns with the broader downtrend, and traders should remain cautious, watching for the correction to complete before considering positions in line with the bearish outlook.
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