US100: Ready To Start a Downward Move?
A few days ago I posted an bullish forecast for US100.
US100 couldn't manage to break above the triangle pattern, and the price turned bearish.
Currently, we can see several bearish patterns one after the other. This sell-off started yesterday and may continue further in the coming days.
It could be related to earnings reports, AI bubble fears, etc. However, all indices were also heavily overvalued.
If the price respects this new bearish structure, we could see US100 falling to 24800 and 24350 first.
I will keep you all updated.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
A few days ago I posted an bullish forecast for US100.
US100 couldn't manage to break above the triangle pattern, and the price turned bearish.
Currently, we can see several bearish patterns one after the other. This sell-off started yesterday and may continue further in the coming days.
It could be related to earnings reports, AI bubble fears, etc. However, all indices were also heavily overvalued.
If the price respects this new bearish structure, we could see US100 falling to 24800 and 24350 first.
I will keep you all updated.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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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.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.