US100: Potential reversal from overbought zone

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US100: Potential reversal from overbought zoneUS100SKILLING:US100ZuperViewSymbol: US100 Timeframe: 30 Minutes Indicators: OB/OS Overlap (RSI, MFI, Stochastic) + S/R ________________________________________ 🔍 Quick Summary After a strong rally 🚀 from the 24,750–24,800 support area, US100 has reached the 25,280–25,300 resistance zone — where multiple oscillators are showing overbought signals. This suggests potential profit-taking or a technical correction may occur soon. ________________________________________ 📊 Price Structure • Price formed a temporary top after tapping the overbought area, with clear rejection candles near resistance. • A pullback toward the first support zone around 25,000–25,050 could occur before the next move. • If selling pressure continues, the next target area lies near 24,800–24,850, where previous structure and demand overlap 📉. ________________________________________ 🧩 Technical Highlights • OB/OS Overlap: RSI, MFI, and Stochastic are all in overbought territory (3/3 alignment) — a strong early signal of potential short-term exhaustion. • Price Action: A minor double top or bearish divergence may be forming if momentum indicators continue to decline. • Key Zones: Blue zones on the chart mark areas of potential buyer reaction (demand). ________________________________________ 🧭 Scenario Outlook Main Scenario (🔻 Pullback Expected): Price could retrace toward 25,000–24,850 before buyers attempt a rebound. Alternative Scenario (🚀 Continuation): If the price holds above 25,100 and breaks 25,280, the bullish momentum might continue short-term. ________________________________________ ⚙️ Risk Note This analysis is for educational purposes only and not financial advice. Always manage risk carefully and align your trade plan with your own strategy 📘💡. Market conditions can change rapidly — stay flexible and objective! Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨ Harry Andrew @ ZuperView