Us100 - Breakout Setup In PlayUS 100CAPITALCOM:US100Hamza_GoldThe market has formed a rising channel after a significant bullish reversal marked by a Change of Character (CHoCH) and a Break of Structure (BOS). Price is currently consolidating near the midline of the ascending channel. 🔍 Key Insight: We're in a wait-and-watch zone — a breakout from this channel in either direction could set the tone for the next move. Trading Plan: Upside Breakout: Watch for a breakout above the upper boundary of the channel with strong bullish momentum. Target the projected move equal to the height of the channel. Downside Breakout: If price breaks below the lower channel support, expect a potential bearish move toward the lower target zone marked on the chart. Important: Wait for a clear breakout and confirmation before entering a trade. Avoid entering inside the channel to minimize risk from false moves.