🔹Technical Analysis: US 100 Index (15-Minute Chart)
▪️Key Observations:
1. Downtrend Continuation:
- The US 100 Index is currently in a bearish trend, forming lower highs and lower lows.
- The price is trading below key resistance zones, indicating further downside potential.
2.Supply Zones Identified:
- Two significant supply zones are marked on the chart where selling pressure is expected.
- The first supply zone is around 21,450 – 21,520.
- The second, stronger supply zone is near 21,600 – 21,700, where a previous sell-off occurred.
3. Bearish Rejection Expected:
- The price is likely to retest the lower supply zone before continuing downward.
- A rejection from this zone could lead to further declines.
4. Target Area:
- The projected target area is marked around 20,914, suggesting a possible continuation of the downtrend.
- If the price breaks below this level, further downside momentum could follow.
▪️Conclusion:
- The market structure remains bearish, and traders should watch for a potential rejection at the supply zone.
- A confirmation of resistance could provide shorting opportunities toward the 20,914 target area.
- However, a breakout above the supply zone could invalidate the bearish outlook.
▪️Trade Idea:
Bearish Bias – Wait for confirmation at the supply zone before considering short positions.
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▪️Key Observations:
1. Downtrend Continuation:
- The US 100 Index is currently in a bearish trend, forming lower highs and lower lows.
- The price is trading below key resistance zones, indicating further downside potential.
2.Supply Zones Identified:
- Two significant supply zones are marked on the chart where selling pressure is expected.
- The first supply zone is around 21,450 – 21,520.
- The second, stronger supply zone is near 21,600 – 21,700, where a previous sell-off occurred.
3. Bearish Rejection Expected:
- The price is likely to retest the lower supply zone before continuing downward.
- A rejection from this zone could lead to further declines.
4. Target Area:
- The projected target area is marked around 20,914, suggesting a possible continuation of the downtrend.
- If the price breaks below this level, further downside momentum could follow.
▪️Conclusion:
- The market structure remains bearish, and traders should watch for a potential rejection at the supply zone.
- A confirmation of resistance could provide shorting opportunities toward the 20,914 target area.
- However, a breakout above the supply zone could invalidate the bearish outlook.
▪️Trade Idea:
Bearish Bias – Wait for confirmation at the supply zone before considering short positions.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
Note
we are waiting for price come into our selling zone.Order cancelled
price hit our targets, without entering our selling zone. 
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💸FREE FOREX Signals in Telegram : t.me/+Dsyl8z6KZao3ZDU8
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/+Dsyl8z6KZao3ZDU8
🚀FREE CRYPTO Signals In Telegram: t.me/+Dsyl8z6KZao3ZDU8
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/+Dsyl8z6KZao3ZDU8
🚀FREE CRYPTO Signals In Telegram: t.me/+Dsyl8z6KZao3ZDU8
Related publications
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.