US30 FALL from RESISTANCE line to support line
For the entire last year, starting in March 2020, the price of the index has shown a very strong and steady growth in an uptrend. The trend is guided by the resistance line and the support line formed also in March last year. At the same time, small breakouts can be observed on the chart, but they all turned out to be false.
Now the price is at the resistance line 33031, where it rose after a reversal at the support line. And I expect that now the price will bounce off the resistance and fall back to support. So my target is 31632.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Now the price is at the resistance line 33031, where it rose after a reversal at the support line. And I expect that now the price will bounce off the resistance and fall back to support. So my target is 31632.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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