US100: Imbalance rejection β Bears back in controlUS100SKILLING:US100ZuperViewπ§ US100 Technical Analysis π§± Resistance Zone (Imbalance) β’ The 24,900 β 24,950 area acts as a strong resistance, overlapping with a supply/imbalance zone. β’ Price has reacted bearish from this level, showing clear selling pressure. β’ This is a potential area to look for short (Sell) setups. ________________________________________ π Current Market Structure β’ After a sharp bullish retracement, price formed a rising channel π΅. β’ However, inside the highlighted circle, price has broken down from the channel β indicating weakening bullish momentum. β’ This breakdown supports a short bias in the short term. ________________________________________ π‘ Trade Plan β’ Bias: Look for Sell setups near the resistance zone. β’ Confirmation: Wait for a small pullback and a new lower high before entering short. β’ Target (TP): Toward the Support zone 24,740 β 24,868 (previous bottom). β’ Stop Loss (SL): Above resistance at around 24,950 β 25,000. ________________________________________ π’ Support Zone β’ The 24,740 β 24,780 area is the previous bottom, where price previously bounced strongly. β’ This level might attract profit-taking from sellers or temporary buying interest. ________________________________________ β οΈ Risk Notes β’ If price closes above 25,000 (H1 candle), the bearish scenario becomes invalid. β’ Manage position sizing carefully and wait for clear confirmation before entering a trade. ________________________________________ π§ Summary β’ Short-term Trend: π» Bearish correction β’ Mid-term Trend: π Sideways β waiting for a breakout of either 24,740 or 25,000. β’ Current Opportunity: Sell from resistance β Target support zone Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future πβ¨ Harry Andrew @ ZuperView