US30 FALL after second breakout

1 Nis 2021

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 since June 2020. After the first breakout, the price fell to the line, fixed on it and bounced again. However, I expect this breakout to be false too. I expect the price to break through the 32700 line, consolidate on it and fall to the 31888 support zone.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻