US100 Index – Potential Bearish Reversal in Key Resistance Zone

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🧠 US100 Index – Potential Bearish Reversal in Key Resistance Zone

Timeframe: 30-Minute | Chart Published: July 24, 2025


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🔍 Overview

The US100 (NASDAQ) has been trading in a well-structured ascending channel, forming higher highs and higher lows. However, recent price action suggests that the index is testing a critical supply zone near 23,400, with signs of weakening bullish momentum. This may signal a potential corrective phase or bearish reversal.


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📈 Technical Analysis Breakdown

🔵 Trend Structure:

Price is respecting a clear ascending trendline (blue), connecting multiple higher lows.

Multiple bullish flag/channel formations have been completed within the uptrend, showing healthy momentum until the current point.


🟥 Resistance Zone:

Strong supply zone marked between 23,250 – 23,450.

Price action shows stalling candles and rejection wicks within this zone, indicating buyer exhaustion.


⚠ Bearish Patterns:

The red path projection suggests a head and shoulders-like structure forming at the top of the channel.

This, along with divergence in wave strength and shrinking momentum, supports a potential reversal.


🔵 Key Support:

First support lies around 23,000 — aligning with the ascending trendline and previous consolidation.

If broken, next demand zone is around 22,835 – 22,900, where historical consolidation took place.



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🔁 Projected Scenario (as per visual path)

1. Price may attempt one last push into the 23,400–23,450 zone (possible false breakout).


2. Rejection from this level could trigger a fall toward the ascending trendline support.


3. A confirmed break of the trendline can lead to a larger correction toward the 22,800 zone.




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🧠 Unique Insight

This chart combines multi-timeframe structure recognition with a real-time reversal formation inside a long-standing bullish trend. The analysis doesn’t just rely on textbook patterns—it recognizes real-time price behavior shifts, which makes it valuable for proactive traders.


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📌 Conclusion

While the trend remains bullish overall, caution is warranted as the US100 approaches a historically significant resistance zone. The setup offers a compelling risk-reward short opportunity for aggressive traders, especially if the price confirms a break below trendline support.


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🔧 Next Steps for Viewers

> “Watch for a clean rejection candle or lower high at resistance before entering short. If trendline breaks cleanly, 22,835 could be the next target zone.”

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