US100, H4
In the H4 timeframe, US100 breaches below the rising wedge and faces the 20200 support level.
The Stochastic oscillator is in the oversold zone and the price breaches below the lower Bollinger band, giving the asset a potential bullish correction.
- If the price rebounds from the 20200 support, the asset will rise to 20700 resistance.
- However, if US100 breaches below the 20200, the asset may fall to 19800 support.
