US100: Ready To Start a Downward Move?

3天前

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!

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