US100: Expanding Channel

US100, H4

In the H4 time frame, the US100 Navigates within an expanding channel and faces the 19500 resistance coinciding with the upper border of the pattern.

The Momentum oscillator crosses the 100-line up, giving a potential bullish sentiment, with the 100-MA crossing the 200-MA from below, confirming the sentiment.

• If the price fails to break above the 19500 resistance, it will open the way for a rise to the 19915 level;
• However, from the upper border of the pattern, will drop the asset back to 19120 support;