Lingrid

US100 GROWTH after false breakdown

Despite an attempt at a false breakout that occurred this week, the price of the index returned to the uptrend and is now on the support line again. Let me remind you that this line was formed in July 2020 and is a guide for price growth.

The price already tried to break through it in October last year, but that time it returned to the trend after several deals. Therefore, now I expect that, breaking through the support line 13266.5 during the rise, the price will bounce off it and grow. So my final target is the line of contempt 14009.7.

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

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