⚠️ US500 two false breakouts / Growth
The price has been moving in a growing channel since December 2018.
In early April, it broke through the support 4013.4 and left the channel.
Then it continued to rise in a small uptrend.
In early May, the price made a false breakout of the 4160.0 turn support.
And the other day - the second breakdown of 4185.5.
I expect this breakout to be false too.
The price will rise to local resistance.
The target is 4254.3.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
In early April, it broke through the support 4013.4 and left the channel.
Then it continued to rise in a small uptrend.
In early May, the price made a false breakout of the 4160.0 turn support.
And the other day - the second breakdown of 4185.5.
I expect this breakout to be false too.
The price will rise to local resistance.
The target is 4254.3.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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🔻FREE Telegram channel🔻
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