US100 is currently approaching a clearly identified Supply Zone around 29,600–29,750, where price previously showed a fake breakout and strong bearish rejection. The current bullish move into this area could provide an opportunity for a bearish reversal if sellers step in and confirmation appears.
The setup is based on Smart Money Concepts (SMC), with the supply zone acting as the main area of interest. A rejection from this zone, followed by a bearish CHoCH/BOS or lower-timeframe confirmation, would strengthen the sell setup.
Potential Target: Support around 28,900
Invalidation: Sustained bullish acceptance above the supply zone
Key confirmation: Bearish rejection + market-structure shift
The setup is based on Smart Money Concepts (SMC), with the supply zone acting as the main area of interest. A rejection from this zone, followed by a bearish CHoCH/BOS or lower-timeframe confirmation, would strengthen the sell setup.
Potential Target: Support around 28,900
Invalidation: Sustained bullish acceptance above the supply zone
Key confirmation: Bearish rejection + market-structure shift
Trade active
Trade closed: target reached
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Join now for FREE daily signals 👇
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.