US30 FALL after false breakout

2021년 4월 23일

In November 2020, the price broke through the 29549 support line and thus returned to the main uptrend that had formed back in March 2019. During the growth in the trend, the price relied on the support lines formed in June 2020. However, at the end of March 2021, it broke through support 32252, after which it rose to the border of the channel.

Having touched the resistance line 33624, the price was able to break it, however, I expect this breakdown to be false, since the price has already returned to the resistance line. I expect it to fall, return to the channel and continue falling towards the 33059 support line. This will be our target.

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