US 100Long
US100
US-100 Analysis Recap
Weekly Chart Overview
• Trend: The US-100 remains in an ascending channel on the weekly chart, respecting key trendlines. There are arguments for the presence of two overlapping channels, both of which have been marked for analysis.
• Current Outlook: The previous consolidation appeared to suggest a potential move down toward the lower boundary of the channel, but recent price action indicates this is unlikely. Instead, the next significant target could be around 23,280, contingent on the continuation of bullish momentum.
• Fibonacci Levels: Using the bullish wave that began on 9th September, the recent bounce aligns with the 0.382 retracement level at 20,700, which has shown strong support and adds to the case for bullish continuation.
Daily Chart Overview
• Trend: On the daily chart, price has broken out of a Rising Price , with significant bounces off a daily order block at 20,700–20,713 After testing support on the 100EMA. This level aligns with the 78.6% Fibonacci retracement of the previous bullish wave, often a critical make-or-break zone for bullish retracements.
• Elliott Wave Analysis: Applying basic Elliott Wave principles, the price action suggests that the consolidation from 30th October may have marked the end of Wave 2, with the next potential Wave 3 targeting the upper channel boundary around 23,550. This projection aligns with the expected characteristics of a strong impulse wave.
• Key Patterns: The consolidation pattern resembles previous corrections observed in July 2023 and October 2023, marked by lower highs but with eventual breakouts into bullish continuations.
4-Hour Chart Overview
• Trend: The price has broken out of a descending trendline wedge but currently sits at a 4-hour order block. While these are not as significant as daily order blocks, they may still act as resistance or support.
• Next Steps: A deeper retracement could occur, potentially testing the trendline or sweeping liquidity below the descending trendline before moving higher.
• Fibonacci Extensions: The price is nearing the 100% extension level of the recent downward move, which could act as a short-term resistance. Any push higher may target the lower boundary of the daily channel before a retracement, offering an opportunity for long entries near 21,486–21,137.
Exclusive Indicator Insights
• Weekly Buy Region: After weeks of no activity since 16th December, the Weekly Buy Region indicator has printed its first green bar, signaling a potential shift toward bullish activity. If the coming week also prints a green bar, it would strengthen the case for a breakout and continuation toward higher levels.
• Daily Buy Region: The Daily Buy Region indicator has not yet shown buying activity, reflecting a lack of short-term confirmation. However, early signs of market strength suggest that this may change soon.
• Proprietary Tools: These custom indicators are invaluable for identifying areas of buying and selling activity, giving a clear edge in market positioning. While we don’t reveal the full methodology behind these tools, their accuracy and application are integral to our analysis and setups.
Summary
The US-100 shows strong signs of bullish potential, with the weekly channel holding and a critical bounce from key Fibonacci and order block levels. However, near-term resistance levels suggest that some retracement or liquidity grabs may occur before the next significant bullish wave.
Key levels to watch:
• Support: 20,700 (daily order block), 21,137–21,486 (retracement zone for long entries).
• Resistance: 23,280 (upper weekly channel boundary), 23,550 (Wave 3 projection).
💡 Stay Ahead of the Game
Our proprietary indicators, including the Weekly and Daily Buy Regions, have been developed to identify key zones of activity with precision. These tools enable us to capture actionable opportunities in real-time and are especially effective for major indices like the US-100.
📌 Follow for More
For more insights and refined strategies, stay connected! Watch as we demonstrate the power of our indicators and provide actionable setups. Don’t miss out—stay ahead of the market with real-time updates and in-depth analysis! 🔥
Weekly Chart Overview
• Trend: The US-100 remains in an ascending channel on the weekly chart, respecting key trendlines. There are arguments for the presence of two overlapping channels, both of which have been marked for analysis.
• Current Outlook: The previous consolidation appeared to suggest a potential move down toward the lower boundary of the channel, but recent price action indicates this is unlikely. Instead, the next significant target could be around 23,280, contingent on the continuation of bullish momentum.
• Fibonacci Levels: Using the bullish wave that began on 9th September, the recent bounce aligns with the 0.382 retracement level at 20,700, which has shown strong support and adds to the case for bullish continuation.
Daily Chart Overview
• Trend: On the daily chart, price has broken out of a Rising Price , with significant bounces off a daily order block at 20,700–20,713 After testing support on the 100EMA. This level aligns with the 78.6% Fibonacci retracement of the previous bullish wave, often a critical make-or-break zone for bullish retracements.
• Elliott Wave Analysis: Applying basic Elliott Wave principles, the price action suggests that the consolidation from 30th October may have marked the end of Wave 2, with the next potential Wave 3 targeting the upper channel boundary around 23,550. This projection aligns with the expected characteristics of a strong impulse wave.
• Key Patterns: The consolidation pattern resembles previous corrections observed in July 2023 and October 2023, marked by lower highs but with eventual breakouts into bullish continuations.
4-Hour Chart Overview
• Trend: The price has broken out of a descending trendline wedge but currently sits at a 4-hour order block. While these are not as significant as daily order blocks, they may still act as resistance or support.
• Next Steps: A deeper retracement could occur, potentially testing the trendline or sweeping liquidity below the descending trendline before moving higher.
• Fibonacci Extensions: The price is nearing the 100% extension level of the recent downward move, which could act as a short-term resistance. Any push higher may target the lower boundary of the daily channel before a retracement, offering an opportunity for long entries near 21,486–21,137.
Exclusive Indicator Insights
• Weekly Buy Region: After weeks of no activity since 16th December, the Weekly Buy Region indicator has printed its first green bar, signaling a potential shift toward bullish activity. If the coming week also prints a green bar, it would strengthen the case for a breakout and continuation toward higher levels.
• Daily Buy Region: The Daily Buy Region indicator has not yet shown buying activity, reflecting a lack of short-term confirmation. However, early signs of market strength suggest that this may change soon.
• Proprietary Tools: These custom indicators are invaluable for identifying areas of buying and selling activity, giving a clear edge in market positioning. While we don’t reveal the full methodology behind these tools, their accuracy and application are integral to our analysis and setups.
Summary
The US-100 shows strong signs of bullish potential, with the weekly channel holding and a critical bounce from key Fibonacci and order block levels. However, near-term resistance levels suggest that some retracement or liquidity grabs may occur before the next significant bullish wave.
Key levels to watch:
• Support: 20,700 (daily order block), 21,137–21,486 (retracement zone for long entries).
• Resistance: 23,280 (upper weekly channel boundary), 23,550 (Wave 3 projection).
💡 Stay Ahead of the Game
Our proprietary indicators, including the Weekly and Daily Buy Regions, have been developed to identify key zones of activity with precision. These tools enable us to capture actionable opportunities in real-time and are especially effective for major indices like the US-100.
📌 Follow for More
For more insights and refined strategies, stay connected! Watch as we demonstrate the power of our indicators and provide actionable setups. Don’t miss out—stay ahead of the market with real-time updates and in-depth analysis! 🔥
Disclaimer
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