Short
US500 fall after strong breake
Since July, we have seen a steady strong rise in the price, but in September the price reached resistance and began to fall.
Over the past two months, it has repeated the reversal twice: rise-fall-rise-fall. At the end of last week, the price went up from the support level to the resistance line. There is another level next to it - which indicated good resistance.
However, the price was strong enough to break it.
As we can see, the breakout was very sharp and strong - within one trading day. However, almost immediately the price returned to the support line.
This is not the strongest line on the chart, however, it has already reversed the price along with the resistance level twice.
Therefore, now I think that the price will rise slightly again - it will touch the resistance level and start falling from it. Since the price has shown very strong growth before, I think that now it will also fall significantly. My target is support level 3388.6
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Over the past two months, it has repeated the reversal twice: rise-fall-rise-fall. At the end of last week, the price went up from the support level to the resistance line. There is another level next to it - which indicated good resistance.
However, the price was strong enough to break it.
As we can see, the breakout was very sharp and strong - within one trading day. However, almost immediately the price returned to the support line.
This is not the strongest line on the chart, however, it has already reversed the price along with the resistance level twice.
Therefore, now I think that the price will rise slightly again - it will touch the resistance level and start falling from it. Since the price has shown very strong growth before, I think that now it will also fall significantly. My target is support level 3388.6
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.