The uptrend continues within the June 2020 support line and the resistance line that has existed since 2019. At the same time, the price made a false breakdown of the trend - the support line - only once in November 2020. After the price bounced off the support at 30621 in early March, it rose to the resistance at 33,147. And then, having worked out a small...
The uptrend of the price is supported by the support of the strong line that was formed in May 2020. Also, the line of August 2020 acts as an additional support for growth. Having pushed off from the zone within their limits of 30865, the price increased and in early March was able to break through the resistance line 32359. This is a strong line of resistance...
As we can see on the chart, since November 2020, the price continues to move in an uptrend, using as a guide the younger support line, which also appeared in November. Resistance is the older line formed on the chart back in July last year. And now, after a rise from the 30819 support zone and a false breakout, the price just dropped again to the resistance line...
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...
The price is in a growing channel. This channel was formed in September last year. All channel lines also appeared in September. In addition to the main lines - support and resistance, there is another one in the middle of the channel. This is the support line, which is the price correction zone. At the beginning of the month, the price broke through support at...
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...
My last prediction came true. After a false breakout, the price followed the trend. It has grown from support to resistance. The price made a false breakdown of the resistance at 32491. But she fell again. Now she is back on a growing trend. I expect the price to fall towards support. The target is 31712. -------------------- Share your opinion in the comments...
After last November the price broke through the support line 27593 and continued to rise, it returned to the growing channel formed by the strong lines of July and May 2020. False breakout in November was the only one for the entire existence of the trend. In the process of growth in the trend, the price came to its upper line - the resistance line - 32447. And...
The index price continues to move within the uptrend. The direction of this trend is the May 2020 support line and the June 2020 resistance line. The lines are at an angle to each other and intersect outside the chart. Now the price is at the resistance line 32059. This is a rather strong line, we can see that in recent months there has not been a single strong...
Since June last year, the price has been moving in an uptrend, which is guided by two diverging lines. The last few months, starting in November 2020, the resistance line has become the main line for price movement. Since the price practically does not concern the support. Regardless, I expect that after the price has made a false breakout and reversed from the...
CORRECTIONG US30 BEFORE SHOOTING UP TO THE MOON FOR NEW ATH
The price continues to move in an uptrend that began to form in the spring of 2020. Since November, most of the price movement has been observed at the resistance line. Then the price dropped to support and rose again. Now the price is exactly on the strong resistance line 31443. And this is an excellent position to open a sell trade! I will never tire of...
After a sharp jump in growth in November 2020, the price has maintained an uptrend and is now continuing to move in it. In this case, the guiding lines are the support line formed in November and the resistance line that appeared back in January 2020. There is also another support line - also in January - which provides the price with a support zone, that is, the...