Hey Traders,
Price is currently consolidating within a symmetrical triangle, squeezing between rising support and descending resistance.
Two potential bullish scenarios on watch:
🔹 Scenario 1:
Breakout above triangle resistance with confirmation → Potential rally toward the 19,200–19,600 zone.
🔹 Scenario 2:
Short-term rejection at resistance → Pullback to triangle support or the 18,370 level → Then bounce for continuation to the upside.
If the triangle breaks to the downside, I’ll be watching the 18,000 and 17,600 demand zones for a potential reaction.
📌 Key Levels:
Resistance: 18,800 / 19,200 / 19,600
Support: 18,370 / 18,000 / 17,600
⚠️ Not financial advice – just sharing market insights.
– Mr. Wolf 🐺
#US100 #NAS100 #DowJones #Indices #PriceAction #BreakoutTrading #ChartAnalysis #TechnicalAnalysis #DayTrading #SwingTrading #TradingView
Price is currently consolidating within a symmetrical triangle, squeezing between rising support and descending resistance.
Two potential bullish scenarios on watch:
🔹 Scenario 1:
Breakout above triangle resistance with confirmation → Potential rally toward the 19,200–19,600 zone.
🔹 Scenario 2:
Short-term rejection at resistance → Pullback to triangle support or the 18,370 level → Then bounce for continuation to the upside.
If the triangle breaks to the downside, I’ll be watching the 18,000 and 17,600 demand zones for a potential reaction.
📌 Key Levels:
Resistance: 18,800 / 19,200 / 19,600
Support: 18,370 / 18,000 / 17,600
⚠️ Not financial advice – just sharing market insights.
– Mr. Wolf 🐺
#US100 #NAS100 #DowJones #Indices #PriceAction #BreakoutTrading #ChartAnalysis #TechnicalAnalysis #DayTrading #SwingTrading #TradingView
Disclaimer
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.
Disclaimer
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.