US100 2H in a Symmetrical Triangle—Eyes on BREAKOUT!1. A Symmetrical Triangle in Play
Rising support line (green) connecting the sequence of higher lows.
Falling resistance line (red) connecting the lower highs.
Price is squeezing into the apex of that triangle – classic consolidation/indecision.
What to watch:
A clean break above the red trendline (~21,820–21,850) would be a bullish signal.
A break below the green trendline (~21,650–21,670) would open the door for a move down toward 21,500 or even the 21,400 zone.
2. Value & “Premium” Zones
The green shaded area around 21,500–21,600 is marked “Equilibrium/Value,” where buyers have stepped in repeatedly.
Above ~21,950 there’s a “Premium” supply zone (red) where heavy selling has shown up.
These zones can act as sensible targets or rejection areas once price breaks out of the triangle.
3. Key Reference Levels
PDH / PDL (Previous Day High / Low): ~21,860 / ~21,620
PWH / PWL (Previous Week High / Low): ~21,960 / ~21,430
Traders often use these to confirm break-outs (e.g. holding above PDH now that it’s pierced).
4. Momentum Indicators
MACD: Lines hovering just under zero, histogram weakening → suggests the bulls aren’t quite firing on all cylinders yet.
RSI: Sitting around mid-40s, neutral but with a slight downside bias.
Neither is over-extended; momentum is “sleepy,” which aligns with the triangle/consolidation picture.
5. What This Means for Traders
Neutral bias until one side wins the breakout.
Bull scenario: Triangle → breakout → retest of ~21,820 → rocket toward 22,000–22,200 supply zone.
Bear scenario: Failure at the red trendline → drop through support → test 21,600 then 21,400 demand areas.
