US100 Forecast

21 Okt

US100 highlights a potential bearish setup forming near a key resistance zone. After a strong recovery toward the 25,150–25,200 region, price action shows signs of rejection at the upper resistance area. The chart illustrates a possible pullback scenario, where the index may retest the 24,800 zone, followed by a deeper move toward the 24,400 support level.

The shaded areas mark supply (resistance) and demand (support) zones, while the trendline break suggests weakening bullish momentum. Overall, the setup signals a potential trend reversal if the price fails to hold above the resistance region.

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