US30 Will Go Higher! Long!

19 Nis 2023

Take a look at our analysis for US30.

Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 33868.

The above observations make me that the market will inevitably achieve 35806 level.

P.S
Please, note that an overbought condition can last for a long time, and therefore being overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!