US100 Technical Breakout Bullish Triangle Resolution Above Trend

📊 US100 Technical Breakout: Bullish Triangle Resolution Above Key Trendline

🕒 Timeframe: 30-Minute
📌 Instrument: US100 – Nasdaq 100 Index
🗓 Published: June 22, 2025


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🔍 Technical Breakdown:

This chart captures a beautiful confluence of technical structures that highlight market indecision resolving into a potential bullish continuation.


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Key Elements of Analysis:

1. Ascending Trendline Support (in Blue):
A long-standing trendline dating back to early June has acted as dynamic support. Price respected this level consistently, suggesting strong bullish momentum beneath surface volatility.


2. Symmetrical Triangle Pattern (Dotted Lines):
Price has compressed within a symmetrical triangle, with lower highs and higher lows, indicating a potential volatility breakout.
The breakout has now occurred to the upside, suggesting a continuation of the broader bullish structure.


3. Bullish Order Block & BIOS Level:
Price previously broke structure (BIOS) to the upside and retested a key demand zone around 21,500–21,550, forming a solid order block base.
This acted as the launchpad for the breakout, highlighting institutional buying interest.


4. Channel Consolidation & Expansion:
A mid-phase consolidation in a bullish channel was observed, followed by healthy correction and a successful defense of the Ichimoku Cloud support, adding depth to the bullish conviction.


5. Reclaim of Key Resistance:
The price is attempting to reclaim 21,700+, a significant resistance zone. If held, this would validate the breakout and target the 22,000–22,100 zone (marked in red above), aligning with prior supply.




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🎯 Potential Trade Idea:

Bullish Bias: Above 21,630, aiming for 21,900–22,100

Invalidation: Below 21,500, where trendline and demand zone would fail



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🧠 Summary Insight:

This setup blends structural clarity with multi-timeframe alignment — triangle breakout, trendline respect, Ichimoku support, and institutional demand. The layered evidence creates a compelling case for bullish continuation.

Traders should watch for confirmation candle closes above 21,700, which would further strengthen the bullish narrative.