US30 two likely scenarios: Higher probability of downwards trend
US30 has shown strong downward momentum. In my opinion, it is likely to continue downwards to the second defined area, otherwise there is a chance it either breaks the trend line, retests and goes back up to the support zoon, or it could remain trading above that first area of resistance and rocket upwards to the support area. Either way, I am bearish on US30 as it is showing signs of a trend reversal overall.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.