US100 2H: Supply Zone Rejection Signals Further Downside Potential
US100 | 2H Educational Analysis
The market has rejected a key supply zone and is currently trading below major moving averages, indicating continued bearish pressure.
🔹 Resistance / Supply Zone: 29,250 – 29,700
🔹 Current Price Area: 28,800
🔹 First Target (TP1): 28,128
🔹 Second Target (TP2): 27,494
Educational Trade Setup:
• Entry Area: Bearish rejection below 29,250
• Stop Loss (SL): Above 29,750
• Take Profit 1 (TP1): 28,128
• Take Profit 2 (TP2): 27,494
Analysis:
Price failed to maintain momentum inside the highlighted supply zone and has broken below a significant support trendline. As long as price remains below the resistance area, sellers may continue targeting lower support levels. A sustained move above the supply zone would invalidate the current bearish outlook.
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and apply proper risk management before trading.
US100 | 2H Educational Analysis
The market has rejected a key supply zone and is currently trading below major moving averages, indicating continued bearish pressure.
🔹 Resistance / Supply Zone: 29,250 – 29,700
🔹 Current Price Area: 28,800
🔹 First Target (TP1): 28,128
🔹 Second Target (TP2): 27,494
Educational Trade Setup:
• Entry Area: Bearish rejection below 29,250
• Stop Loss (SL): Above 29,750
• Take Profit 1 (TP1): 28,128
• Take Profit 2 (TP2): 27,494
Analysis:
Price failed to maintain momentum inside the highlighted supply zone and has broken below a significant support trendline. As long as price remains below the resistance area, sellers may continue targeting lower support levels. A sustained move above the supply zone would invalidate the current bearish outlook.
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and apply proper risk management before trading.
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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.
Related publications
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.