US100: Imbalance rejection – Bears back in control

Wait 5 sec.

US100: Imbalance rejection – Bears back in controlUS100SKILLING:US100ZuperView🧠 US100 Technical Analysis 🧱 Resistance Zone (Imbalance) β€’ The 24,900 – 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. ________________________________________ πŸ“‰ Current Market Structure β€’ After a sharp bullish retracement, price formed a rising channel πŸ”΅. 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. ________________________________________ πŸ’‘ 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 – 24,868 (previous bottom). β€’ Stop Loss (SL): Above resistance at around 24,950 – 25,000. ________________________________________ 🟒 Support Zone β€’ The 24,740 – 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. ________________________________________ ⚠️ 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. ________________________________________ 🧭 Summary β€’ Short-term Trend: πŸ”» Bearish correction β€’ Mid-term Trend: πŸ”„ Sideways – 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 πŸ™βœ¨ Harry Andrew @ ZuperView