US30 drop to supportThe price is in a growing channel.
This channel was formed in September last year.
All channel lines also appeared in September.
In addition to the main lines - support and resistance, there is another one in the middle of the channel.
This is the support line, which is the price correction zone.
At the beginning of the month, the price broke through support at 31938.
Growth ended at resistance 33081.
I expect the price to fall back to support from resistance.
The target is 32360.
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Us30-short
US30 FALL from RESISTANCE line to support lineFor the entire last year, starting in March 2020, the price of the index has shown a very strong and steady growth in an uptrend. The trend is guided by the resistance line and the support line formed also in March last year. At the same time, small breakouts can be observed on the chart, but they all turned out to be false.
Now the price is at the resistance line 33031, where it rose after a reversal at the support line. And I expect that now the price will bounce off the resistance and fall back to support. So my target is 31632.
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US30 fall in trendMy last prediction came true.
After a false breakout, the price followed the trend.
It has grown from support to resistance.
The price made a false breakdown of the resistance at 32491.
But she fell again.
Now she is back on a growing trend.
I expect the price to fall towards support.
The target is 31712.
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US30 have time to open a SALE TRADEAfter last November the price broke through the support line 27593 and continued to rise, it returned to the growing channel formed by the strong lines of July and May 2020. False breakout in November was the only one for the entire existence of the trend. In the process of growth in the trend, the price came to its upper line - the resistance line - 32447.
And from this point you can open a good sell deal. I expect that from a strong resistance line, the price will reverse in the fall and come to the support line. I never tire of reminding you of the importance of SL. Look for it around 32854.
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US30 reversal from RESISTANCE line and FALLThe index price continues to move within the uptrend. The direction of this trend is the May 2020 support line and the June 2020 resistance line. The lines are at an angle to each other and intersect outside the chart.
Now the price is at the resistance line 32059. This is a rather strong line, we can see that in recent months there has not been a single strong enough breakdown on it. Therefore, I expect the price to reverse from this line and fall towards the support line. So my final target is the support line 31216.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US30 FALL after FIX on resistance line Since June last year, the price has been moving in an uptrend, which is guided by two diverging lines. The last few months, starting in November 2020, the resistance line has become the main line for price movement. Since the price practically does not concern the support.
Regardless, I expect that after the price has made a false breakout and reversed from the 31607 resistance line, it will fall to the 30936 support line. This will be our target.
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US30! POTENTIAL SELL! CORRECTION IN PLACECORRECTIONG US30 BEFORE SHOOTING UP TO THE MOON FOR NEW ATH
US30 good position to open SELL TRADEThe price continues to move in an uptrend that began to form in the spring of 2020. Since November, most of the price movement has been observed at the resistance line. Then the price dropped to support and rose again.
Now the price is exactly on the strong resistance line 31443. And this is an excellent position to open a sell trade! I will never tire of reminding you of the importance of SL. In this case, look for it above the resistance line around 31752.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US30 touches RESISTANCE line and FALLAfter a sharp jump in growth in November 2020, the price has maintained an uptrend and is now continuing to move in it. In this case, the guiding lines are the support line formed in November and the resistance line that appeared back in January 2020.
There is also another support line - also in January - which provides the price with a support zone, that is, the risk that the price will fall over two lines is minimal at the moment. So now I expect that after the price touches the resistance line 31772 it will fall to the support line 30777. This will be our target.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US30 good time to open SELL tradeAfter a strong price movement in October 2020, the price came to the resistance line 30083, bounced and fell to the support line 28839. And both of these lines became the guiding lines for the uptrend.
At the same time, the support line was formed in September 2020, and the resistance line in November. In early January, the price broke through the resistance line at point 30864, but after a slight movement above the line, it broke it again and returned to the trend.
The price repeated this movement twice more until it finally stopped within the line at point 31111. Now the price is on the line and since no breakout has been able to break the trend before, I expect that this time the price will fall towards the support line.
And this is an excellent position to open a sell trade. I will never tire of reminding you about SL - look for it above the resistance line in the region of 31461.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US30 fix on RESISTANCE line and FALLAfter the collapse in October last year, the price showed strong growth and in the course of this growth came to the resistance line 30099. This strong line has existed since August 2020, so it was not surprising that it stopped the price growth.
From this line the price fell to the support line 28875. And thus, in October, an upward channel began to form, in which the price is moving today.
In early January, the price broke through the resistance line - the upper border of this channel at point 30847 and for two weeks moved above this line. However, the price did not have enough strength for serious growth, the breakout turned out to be false and at the end of last week the price broke through the line again and returned to the channel.
The other day the price has consolidated on the line at point 31001 and now I expect it to fall from this line to the support line 30231.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US30 on strong resistance. Will fallIn early January, the price rose and broke through the support line.
Then it fixed on it and continued to grow.
Last week, the price returned to support (immediately dropping, without the correction I expected).
I finalized the schedule. Now the price is at the resistance line 31169.
This is a strong line from September 2020.
Over the last week, the price attempted a breakout, went beyond the line, but fell again.
The price has consolidated towards the line and I expect it to collapse.
The price will fall and come to the support zone (intersection of two strong lines).
Target - 30726.
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US30 BEARISH INTRADAY US30 appears to be setting lower highs and may have formed a head and shoulders pattern signaling another bearish move. lets see if we can test Jan 06th low. Next Major area of support. Price is also considered over bought according to the daily stochastic
risk to reward 2.5:1
US30 FALSE breakdown and FALLSince November last year, the index has been in an upward channel and has been moving alternately between the resistance line and the support line.
In early January, the price bounced off the support line at 29915 and rose sharply. The strength of growth was enough to break through the resistance line at point 30869. And for the last few days, the price has been moving above the line. However, it is already clear that it began to fall and is now exactly on the line at point 30909. I expect the price to continue falling and return to the line.
The reason for this is the resistance line formed in September 2020 and older, that is, it is stronger than the support line. The price has not yet managed to make a serious breakout of this line. And the fact that this time, after the breakout, the price almost immediately returned back suggests that this breakout is false.
I expect the price to return below the resistance line and fall to the next support line - 30096.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
