📉 US100 – Critical Resistance Reached: Expecting Rejection Before Next Leg Up?
🔍 Overview: The US100 has approached a key supply zone around 22,350, where historical price action has shown repeated resistance. This is not just another stall—this level aligns with a liquidity sweep setup and a potential distribution phase forming just below resistance.
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🧠 Technical Breakdown:
🔸 BIOS Breakout: A bullish "Break of Internal Structure" (BIOS) confirmed a shift in market sentiment on June 22, leading to aggressive upside follow-through. However, the recent move into premium pricing hints at overextension.
🔸 Supply & Liquidity Zones: The red zone at 22,300–22,350 is a well-respected supply area. This has already acted as a liquidity magnet, pulling price in and triggering short-term rejections. Smart money could now be engineering a liquidity grab before markdown.
🔸 Projected Path: As outlined on the chart, I expect a false breakout / liquidity sweep followed by a short-term rejection. If price confirms this move, the likely retracement targets are:
🔽 First Target: 22,200 – a minor support from recent structure.
🔽 Second Target: 22,050–22,100 – aligning with the previous breakout zone and Ichimoku cloud support.
🔸 Ichimoku Cloud: The bullish momentum is still intact, but flattening of the cloud top and tightening price action suggest a pause or retracement is near. A cross below the Kijun-sen may confirm the pullback.
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⚠ Invalidation & Alternate Scenario:
A sustained breakout and close above 22,380 with strong volume would invalidate the short bias, potentially targeting 22,500+. Until then, the bias remains bearish to neutral.
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📌 Summary:
🟢 BIOS confirmed bullish structure shift.
🔴 Liquidity grab likely above major resistance.
📉 Expecting short-term pullback toward 22,200.
🚫 Invalidate if price holds above 22,380.
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💬 What I’m Watching:
Rejection candles + volume spikes at resistance
Kijun-sen break on lower timeframes
Bearish divergence forming on RSI/MACD (not shown)
---
✅ If You Found This Insightful:
Like, and share your thoughts in the comments—let’s discuss whether this is the start of a rotation or just a healthy pullback!
🔍 Overview: The US100 has approached a key supply zone around 22,350, where historical price action has shown repeated resistance. This is not just another stall—this level aligns with a liquidity sweep setup and a potential distribution phase forming just below resistance.
---
🧠 Technical Breakdown:
🔸 BIOS Breakout: A bullish "Break of Internal Structure" (BIOS) confirmed a shift in market sentiment on June 22, leading to aggressive upside follow-through. However, the recent move into premium pricing hints at overextension.
🔸 Supply & Liquidity Zones: The red zone at 22,300–22,350 is a well-respected supply area. This has already acted as a liquidity magnet, pulling price in and triggering short-term rejections. Smart money could now be engineering a liquidity grab before markdown.
🔸 Projected Path: As outlined on the chart, I expect a false breakout / liquidity sweep followed by a short-term rejection. If price confirms this move, the likely retracement targets are:
🔽 First Target: 22,200 – a minor support from recent structure.
🔽 Second Target: 22,050–22,100 – aligning with the previous breakout zone and Ichimoku cloud support.
🔸 Ichimoku Cloud: The bullish momentum is still intact, but flattening of the cloud top and tightening price action suggest a pause or retracement is near. A cross below the Kijun-sen may confirm the pullback.
---
⚠ Invalidation & Alternate Scenario:
A sustained breakout and close above 22,380 with strong volume would invalidate the short bias, potentially targeting 22,500+. Until then, the bias remains bearish to neutral.
---
📌 Summary:
🟢 BIOS confirmed bullish structure shift.
🔴 Liquidity grab likely above major resistance.
📉 Expecting short-term pullback toward 22,200.
🚫 Invalidate if price holds above 22,380.
---
💬 What I’m Watching:
Rejection candles + volume spikes at resistance
Kijun-sen break on lower timeframes
Bearish divergence forming on RSI/MACD (not shown)
---
✅ If You Found This Insightful:
Like, and share your thoughts in the comments—let’s discuss whether this is the start of a rotation or just a healthy pullback!
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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.
Join telegram channel free ..
t.me/+zOlIssFOXrtlNWE0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/+zOlIssFOXrtlNWE0
t.me/+zOlIssFOXrtlNWE0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/+zOlIssFOXrtlNWE0
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.