USNAS100| REJECTION FROM RESISTANCE ZONE

13 Şub

HELLO EVERYONE


The price is currently trading within a descending channel, respecting its structure by rejecting the upper trendline after touches, then initiating a decline. This confirms the prevailing bearish momentum in the market.

To validate further downside movement, we are waiting for a break below the support zone at 21,615 - 21,415. A successful breakdown of this area will likely trigger a sharp drop towards 21,180 and eventually 20,880, aligning with the downward trend.

On the other hand, for an uptrend scenario to be confirmed, the price must break out of the descending channel and successfully cross above the key resistance zone. This would signal a shift in market structure, invalidating the bearish bias and activating a potential reversal.

Tendency Keys: 21,615 - 21,415
Resistance Line: 21,980, 22,120, 22,600.
Support Line: 21,615, 21,415, 21180

14 Şub

İşlem aktif

The price has broken out of the descending channel and risen into the last high resistance zone. For today's session, it must establish a position above 22,120 to confirm an upward trend. Alternatively, failure to surpass this level may result in a decline toward the lower support level. We must wait for the next market movement before determining the next course of action.