US30 bullish resumption probability
Break below the support 3rd arrow is a continued sell. But we expect a rejection since its a third touch at the 61.8% fib level and also it is support. The area is just above the 50SMA on daily T.F making it an area of intrest. This downward movement is a correction of the overall bullish trend. Therefore we are still in buys until the second supporting trendline is broken then that would mean a trend change.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.