US500 – Strong Reversal Zone Holding | Potential Rally Ahead
US500 has once again reacted strongly from the major support zone marked on the chart — an area that has held multiple times in the past.
Buyers stepped in aggressively, preventing further downside and maintaining the broader bullish structure.
After forming a broadening wedge pattern followed by a sharp decline, price has stabilized and is now showing early signs of a potential bullish reversal.
If momentum continues building, the next upside targets are:
6,800
6,870
6,985 (major target)
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
US500 has once again reacted strongly from the major support zone marked on the chart — an area that has held multiple times in the past.
Buyers stepped in aggressively, preventing further downside and maintaining the broader bullish structure.
After forming a broadening wedge pattern followed by a sharp decline, price has stabilized and is now showing early signs of a potential bullish reversal.
If momentum continues building, the next upside targets are:
6,800
6,870
6,985 (major target)
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.