US100 forms a rising wedge followed by a double top pattern near resistance around 23,100, signaling potential exhaustion in the bullish trend. Price has broken wedge support and is testing the neckline of the double top, aligning with Ichimoku cloud resistance. This confluence suggests a high-probability short setup targeting lower support zones.
🔸 Pattern: Rising Wedge + Double Top
🔸 Bias: Bearish Reversal
🔸 Entry: Below 22,770 (confirmed break)
🔸 Target Zones: 22,226 → 21,836
🔸 Stop Loss: Above recent high (~23,105)
🔸 Technical View: Bearish breakdown confirmed by price rejection and Ichimoku resistance
🔸 Fundamental View: Market may be reacting to macroeconomic pressures, earnings risks, or Fed rate pause speculation
Outlook: If price sustains below the wedge and neckline, expect continued downside toward target areas with favorable risk-reward.
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This is not financial advice. Please conduct your own research and manage risk accordingly.
🔸 Pattern: Rising Wedge + Double Top
🔸 Bias: Bearish Reversal
🔸 Entry: Below 22,770 (confirmed break)
🔸 Target Zones: 22,226 → 21,836
🔸 Stop Loss: Above recent high (~23,105)
🔸 Technical View: Bearish breakdown confirmed by price rejection and Ichimoku resistance
🔸 Fundamental View: Market may be reacting to macroeconomic pressures, earnings risks, or Fed rate pause speculation
Outlook: If price sustains below the wedge and neckline, expect continued downside toward target areas with favorable risk-reward.
Note :If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
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short Trade active guys 
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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.