US100, Daily
On the Daily timeframe, the US100 breaks above the double bottom pattern and retests its upper border, which is aligned with the 20000 support level.
The MFI is in an oversold zone, which potentially can lead to a further correction, so two scenarios are possible:
- If the US100 rebounds from the 20000 support level it will rise to 20800 resistance;
- However, a breaching below the support will drop the price to 19500 and the golden Fibonacci pocket.
