📊 US100 (NASDAQ) Trade Idea: Critical Support Test & Potential Reversal Setup
🔍 Key Levels & Context:
The US100 is currently testing a significant support zone between 16,000–17,000, which has historically acted as a springboard for rallies (see 2023 bounce). A breakdown below 16,000 would suggest a deeper correction toward 15,242 (next support) or even 14,000, while holding above 17,000 could keep the bullish structure intact.
🎯 Profit Targets (If Bullish Reversal Confirmed):
Initial Target: 19,000 (Previous resistance → now potential support-turned-resistance)
Secondary Target: 20,000–21,000 (Psychological level & measured move from consolidation)
Stretch Target: 23,000–24,000 (All-time high retest, Fibonacci extension confluence)
📉 Bearish Scenario (If Support Fails):
A close under 16,000 opens the door to 15,242 (2023 swing low)
Short-term rallies into 17,500–18,000 could then become sell opportunities.
So I think the US100 pursues the following projection, and I'd be happy if you share your thoughts 🫡
#Trading #NASDAQ #US100
🔍 Key Levels & Context:
The US100 is currently testing a significant support zone between 16,000–17,000, which has historically acted as a springboard for rallies (see 2023 bounce). A breakdown below 16,000 would suggest a deeper correction toward 15,242 (next support) or even 14,000, while holding above 17,000 could keep the bullish structure intact.
🎯 Profit Targets (If Bullish Reversal Confirmed):
Initial Target: 19,000 (Previous resistance → now potential support-turned-resistance)
Secondary Target: 20,000–21,000 (Psychological level & measured move from consolidation)
Stretch Target: 23,000–24,000 (All-time high retest, Fibonacci extension confluence)
📉 Bearish Scenario (If Support Fails):
A close under 16,000 opens the door to 15,242 (2023 swing low)
Short-term rallies into 17,500–18,000 could then become sell opportunities.
So I think the US100 pursues the following projection, and I'd be happy if you share your thoughts 🫡
#Trading #NASDAQ #US100
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.