US 100 Index: Strong Range Retracement Target: 21050Disclaimer: This analysis is not a trade advice but a personal opinion. check it for study purpose only.
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Current Price: 21750:00
US 100 Index is working under the range of 22200.00 to 21300.00 and its is showing support at the bottom while it shows resistance at the top. If we check H4 candle in US 100 Index chart it has double topped has shown rejection which confirm our top resistance and bottom support analysis. Now the chart has completed "W" pattern which further indicate a huge drop in US 100 Index. Now market's next target will be 21350.00 which is unlikely to show any kind of support as market is more likely to show support from bottom 21050.00 which also our demand zone.
Supporting Levels: 21350.00, 21050.00
Resistance Levels: 21900.00, 22150.00
Demand Zone: 21050
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