US100
Long

US100: Breakout signals a strong second bullish leg

25
🧩 Market Context
On the 30-minute chart, US100 index shows renewed bullish momentum after a phase of sideways consolidation. Following a deep correction, price action has started forming higher highs and higher lows, suggesting that buyers are gradually regaining control.

🔍 Price Structure and Breakout
Price has recently broken out above a short-term consolidation zone and a rising trendline.
This breakout reinforces the short-term bullish bias and could mark the start of a second upward leg in the current recovery.
Statistically, when a breakout happens after tight accumulation, the next bullish leg often becomes equal to or larger than the previous one, as momentum builds and buyers gain confidence.

📈 Key Price Levels
• Resistance 1: 24,914 – prior rejection zone in the last upward move.
• Resistance 2: 25,074 – distribution area before the previous drop.
• Support: 24,700 – 24,750 (former resistance now acting as potential support).

⚙️ Trading Scenarios (for observation only)
• After the breakout, price may retest the previous resistance zone (around 24,700–24,750) before continuing higher.
• If buyers defend this level, the second bullish leg could extend toward 24,914 and possibly 25,074.
• Conversely, a close back below 24,700 may trigger a deeper pullback before any continuation attempt.

🧠 Summary
The technical structure on US100 favors a short-term bullish outlook. A successful retest of the breakout zone could pave the way for a second upward leg, potentially matching or exceeding the size of the previous rally.
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📌 This analysis is for educational and technical purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset.

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