On the 4-hour chart of the US100, we can see a strong bullish move that has managed to break previous highs and enter a new upward phase. Currently, the price is consolidating around 24,965, and the overall market structure remains bullish. However, the market needs a correction to gather enough momentum for further upside.
Key Zones (Supply & Demand)
Two major demand zones are highlighted on the chart:
First Demand Zone (short-term): Between 24,850 – 24,750
This zone was formed right after breaking the previous high and is likely to act as support.
If the price pulls back into this level and shows a reversal pattern (such as a strong bullish candle or a higher low structure), it could trigger the next leg up.
Second Demand Zone (deeper correction): Between 24,500 – 24,350
This area represents a stronger support since it previously fueled a significant bullish rally.
If selling pressure increases and the first zone fails to hold, price may decline toward this zone. Buyers are expected to step in here, potentially leading to a new impulsive rally.
Possible Scenarios
Scenario 1 (Bounce from the first demand zone):
Price corrects slightly into the 24,850 – 24,750 area and, after consolidation, resumes its bullish trend targeting 25,100 and then 25,300.
Scenario 2 (Deeper pullback):
If sellers gain strength, price may test the second demand zone around 24,500 – 24,350. The bullish structure will still be intact, but the next move upward could be sharper and stronger.
Conclusion
The dominant trend is still bullish, but traders should watch for pullbacks before entering new positions. The best approach right now is to wait for price to reach one of the demand zones and look for price action confirmations. Short-term traders may prefer the first zone, while mid-term and conservative traders may wait for the second zone for a stronger setup.
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