US30 GROWTH after FALSE breaksown

28 Oca 2021

In my previous forecast, we opened a sell trade and the signal passed just perfectly, bringing us a good profit.

As you remember, the price drop started from a strong resistance line that was formed in September 2020. This line is also one of the main uptrend guidelines.

The second line - support - is the younger one, it appeared on the garfic in November last year. And during the last fall, the price was able to break this line around 30335.

However, I am convinced that this breakout will turn out to be false, since the price has no prerequisites for falling either on the chart or in the news sector. Moreover, during the entire existence of the support line, the price has not made a single breakdown.
Therefore, I am convinced that the price will first of all return to the line, fix on it and rise to the resistance line 31251.

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