The US2000 index is currently exhibiting distribution behavior beneath a key resistance zone after a failed breakout attempt. Price is moving sideways in a choppy range, struggling to maintain bullish momentum — a bearish transition structure appears to be forming.
A breakdown below 2,095 would likely trigger a move toward 2,040, and if selling pressure continues, possibly down to 1,980.
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A breakdown below 2,095 would likely trigger a move toward 2,040, and if selling pressure continues, possibly down to 1,980.
🚀 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions, I will respond :)
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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4H CANDLE CLOSED BULLISH INVALIDATED THE SELL SETUP
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