US100 has formed a Double Top on the 4H chart near the 22,944 resistance zone, suggesting potential trend exhaustion after a strong rally. A break below the neckline would confirm a bearish reversal, with room to decline toward the next support level.
🔹 Pattern: Double Top (Reversal)
🔹 Current Price: ~22,662
🔹 Resistance: 22,944
🔹 Support/Target Zone: 22,100 – 21,922
🔹 Technical Outlook: Price rejected near prior highs with Ichimoku cloud support being tested
🔹 Fundamental Context: Tech-heavy index faces pressure amid rising bond yields and valuation concerns
Short setup building – confirmation below neckline could accelerate downside. Monitor for break and follow-through. 📉📊
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🔹 Pattern: Double Top (Reversal)
🔹 Current Price: ~22,662
🔹 Resistance: 22,944
🔹 Support/Target Zone: 22,100 – 21,922
🔹 Technical Outlook: Price rejected near prior highs with Ichimoku cloud support being tested
🔹 Fundamental Context: Tech-heavy index faces pressure amid rising bond yields and valuation concerns
Short setup building – confirmation below neckline could accelerate downside. Monitor for break and follow-through. 📉📊
Note :If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
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TRADE Active in Sell Position 
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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.