US100: Bullish Reversal Setup After ABC Correction

US100: Bullish Reversal Setup After ABC Correction

US100 appears to be completing an ABC corrective structure, with price showing signs of stabilization after the recent decline.

The latest rebound suggests buyers are attempting to regain momentum, but a minor pullback could still occur before the next impulsive move higher.

If the correction is complete and price holds above the recent swing low, the bullish outlook remains valid. A break above the nearest resistance would confirm renewed buying pressure and shift focus toward the next upside objectives.

The first resistance to watch is 30,230, which aligns with a previous supply zone. A decisive breakout above this level could pave the way for a continuation toward the major resistance at 30,700.


Main Targets:
🎯 Target 1: 30,230
🎯 Target 2: 30,700

You can find more details on the chart.
Thank you and good luck! 🍀

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