Similar to DJI, US100 Showing:
🔹 Price testing channel resistance
🔹 Rejection seen from the 0.786 Fibonacci retracement zone
🔹 Previous uptrend support line now acting as resistance
🔹 RSI showing early signs of exhaustion near key 60–70 zone
🔹 Bearish divergence forming potential — caution advised
All these confluences hint at a possible pause or reversal unless we get a strong breakout with volume confirmation.
#US100 #NASDAQ100 #PriceAction #RSI #Fibonacci #ChartAnalysis #TradingView #ChartsDriven
🔹 Price testing channel resistance
🔹 Rejection seen from the 0.786 Fibonacci retracement zone
🔹 Previous uptrend support line now acting as resistance
🔹 RSI showing early signs of exhaustion near key 60–70 zone
🔹 Bearish divergence forming potential — caution advised
All these confluences hint at a possible pause or reversal unless we get a strong breakout with volume confirmation.
#US100 #NASDAQ100 #PriceAction #RSI #Fibonacci #ChartAnalysis #TradingView #ChartsDriven
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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.