US100 growth and after fall in channel
The price is moving in line with my previous forecasts - they came true.
First, after a strong impulse of growth, the price came to the resistance line, broke it and then fell.
Then it began to grow from the support zone, where we opened a purchase.
The price reached the resistance line (12040.3), bounced off it and began to fall.
This line is also the upper line (resistance) of the upward channel, the formation of which can be found in July 2020.
The price is in the middle of this channel in a small upward trend.
I expect it to rise to the resistance line 12220.5 and then fall.
The target is the support line 11807.4.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
First, after a strong impulse of growth, the price came to the resistance line, broke it and then fell.
Then it began to grow from the support zone, where we opened a purchase.
The price reached the resistance line (12040.3), bounced off it and began to fall.
This line is also the upper line (resistance) of the upward channel, the formation of which can be found in July 2020.
The price is in the middle of this channel in a small upward trend.
I expect it to rise to the resistance line 12220.5 and then fall.
The target is the support line 11807.4.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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