The chart shows that after a strong bearish move, the US100 (Nasdaq) has entered a demand zone highlighted in green. This area is located between 24,300 and 24,200, and the price has shown a positive reaction after touching it.
Several candles with long lower wicks at the bottom indicate selling pressure is weakening and buyers are stepping in. Currently, the price is stabilizing above the support zone, and if it manages to break above the 24,380–24,400 level with a confirming candle, a short-term bullish correction toward 24,480 and 24,550 could follow.
However, a break below 24,200 would invalidate the bullish scenario and may trigger a drop toward 24,100.
Summary
- Key Support Zone: 24,200–24,300
- Short-Term Resistance: 24,380–24,400
- Likely Scenario: Temporary bullish correction toward resistance levels as long as the green demand zone holds
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