The US100 1-hour chart shows that the weekend gap has been completely filled, and price is now approaching a critical Fair Value Gap (FVG) zone. This level could act as a strong resistance or a point of continuation for the current bullish momentum.
Here are two possible scenarios:
✅ Scenario 1: If price consolidates above the FVG and finds support, we could see a continuation towards the 0.618-0.65 Fibonacci retracement level, pushing towards 19,800+.
❌ Scenario 2: A rejection at the FVG zone could signal a bearish reversal, leading to a move back down towards 19,200 or even lower.
Which scenario do you think will play out? Let’s discuss! 🚀📉
Here are two possible scenarios:
✅ Scenario 1: If price consolidates above the FVG and finds support, we could see a continuation towards the 0.618-0.65 Fibonacci retracement level, pushing towards 19,800+.
❌ Scenario 2: A rejection at the FVG zone could signal a bearish reversal, leading to a move back down towards 19,200 or even lower.
Which scenario do you think will play out? Let’s discuss! 🚀📉
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following the channel into the 50% gap line!
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