Technically, we are right in the middle of the decision zone. The trend support is working, but the supply zone at the top still looks strong. It's hard to speak of a comfortable rise without breaking this zone. If a daily close occurs above the 25,000 – 25,300 range, the market could move upward again. In that scenario, new ATH attempts may occur. However, if this trend line is lost, the liquidity gaps below could be filled very quickly. Afterwards, there could be further upward movements. The market is preparing to choose a direction; if a triangle breakout occurs, we could see new highs.
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#US100 1D
Technically, we are right in the middle of the decision zone. The trend support is working, but the supply zone at the top still looks strong. It's hard to speak of a comfortable rise without breaking this zone.
If a daily close occurs above the 25,000 – 25,300 range, the market could move upward again. In that scenario, new ATH attempts may occur.
However, if this trend line is lost, the liquidity gaps below could be filled very quickly. Afterwards, there could be further upward movements.
The market is preparing to choose a direction; if a triangle breakout occurs, we could see new highs.