US30 FALL after false breakdown
Two weeks ago, during a strong growth, the price was able to break through the resistance line 32468. And it moved above the line for several days. This resistance line appeared in July 2020. However, at the end of last week, the price returned to the resistance line and dropped behind it. Thus, she returned to the uptrend, which has been going on since May 2020.
The basis of the trend is the support line formed in May. And I expect that after the breakout of the resistance - which turned out to be false - and the return to the trend, the price will continue to fall. Thus, my final target is the support line 31547.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The basis of the trend is the support line formed in May. And I expect that after the breakout of the resistance - which turned out to be false - and the return to the trend, the price will continue to fall. Thus, my final target is the support line 31547.
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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