US100 - Falling Wedge Breakout Potential

1 Nis

The US100 has been in a strong uptrend but recently formed a falling wedge pattern, a bullish reversal signal. After a period of correction, the price is testing a breakout from the wedge. If confirmed, the target aligns with previous highs near 22,000 - 23,000. A successful breakout could signal a continuation of the broader uptrend.

🔹 Key Levels:

Support: 18,500 - 19,000

Resistance: 20,500 - 22,000 (Breakout Target)

Watch for breakout confirmation with volume and price action before entering long positions! 🚀📈

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US100 - Falling Wedge Breakout (Trade Active)

The US100 has broken out of a falling wedge pattern, signaling a potential bullish reversal. The trade is now active, aiming for the target near 22,000 - 23,000.

🔹 Key Levels:

Entry: Breakout confirmation above wedge resistance.

Target: 22,000 - 23,000

Support: 18,500 - 19,000

As long as price holds above the breakout level, the bullish outlook remains valid. Keep an eye on volume and market conditions for confirmation. 🚀📈