US100 Channel Support Rebound – Bullish Continuation in FocusUS 100CAPITALCOM:US100Eleanor_OfficialThe US100 is maintaining its position within a strong ascending channel, with the price recently rebounding off the lower trendline near 23,280. This bounce aligns with historical bullish responses from this zone, hinting at another potential upside continuation. Key Highlights: Ascending Channel: Market remains in a clear upward structure, showing consistent higher highs and higher lows. Support Rejection: Sharp reversal off the channel bottom suggests strong demand near 23,280. Bullish Projection: The forecast suggests consolidation above 23,400 before targeting the upper resistance near 23,580–23,600. Historical Confluence: Past red arrows indicate strong rejection zones; the current setup aims for a retest of those highs. 1. Ascending Channel in Control Price action is respecting a clear upward-sloping channel. Both support (lower bound) and resistance (upper bound) are well tested. 2. Support Rejection (Green Arrows) Price bounced sharply from the lower trendline near 23,280, a key dynamic support zone. 3. Bearish Pressure at Resistance (Red Arrows) Previous rejections occurred near 23,580–23,600, indicating strong supply there. 4. Bullish Structure Holding Despite recent dip, the overall trend remains bullish unless the price breaks below the channel. Current action shows a V-shape recovery, suggesting bulls are regaining strength. 5. Expected Price Path (Blue Projection) Possible short-term consolidation around 23,400–23,420 before another bullish leg. Target area lies at the upper channel: 23,580–23,600. 6. Key Levels to Monitor Support Zone: 23,280 (channel bottom). Breakout Zone: 23,500–23,600 (channel top and resistance).