US30 FALLING from resistance zoneIn October last year, there was a collapse in prices, during which the pair reached its local minimum, pushed off the support and also quickly returned its positions.
It was stopped by the resistance line 30398, which appeared on the chart back in September 2020. Having touched it, the price stopped its sharp rise, but continued to move evenly in an upward trend. The second guiding trend line was the support line, also formed in November last year.
Also, a local resistance zone was formed at the points of the price maximum. It originates in December 2020. At the end of last year, the price was able to break through this zone, rose to the resistance line of 30,848 and immediately collapsed to support.
Then it bounced off it and returned to the 30426 zone again. Where the price is now. Despite the fact that last time the price managed to break through the zone, now I expect it to start falling and from the resistance zone it will come to the support line at 29960. 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-short
US30, uptrend short sell.Hi traders,
As we see here at us30 It is in a up-trend.
It will prob hit after an long time the 30600 again but if we look at it now and you want an short trade.
It is prob going to fake out above the resistant trend line but then drops to 30200.
SemftTrading
US30 falling to support lineAbout price movement according to my past forecasts.
1. After a short growth, the price dropped to the support line.
2. Then it rose to the resistance line.
But the movement did not end there.
After the price came to the resistance of 30371 (a strong line since 2019), it collapsed beyond the resistance of 30068.
Then she returned to the line, moved along it for a while.
However, the price still managed to break through the resistance line again during the fall.
Now, in my opinion, the price will continue to fall.
I expect a movement: a correction at the 30159 line and a fall to the support line.
The target is 27721.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
US30 FALLING in Pennat patterAt the very end of October, the index received a powerful growth impulse from the point 26178. And a week later, on November 9, the price came to the resistance line 30271, having even managed to break through the resistance line in a jump.
Until the end of November, the price formed an ascending channel, but then another resistance line formed in the middle of the channel, which eventually directed the price along the path of the formation of the Pennant pattern.
To form a pattern, you need an initial impulse with a certain trend - in our case, an upward one, as well as at least 5 touches of trend lines within the pattern - in our case, more than five.
Now the price completes the formation of the figure, the fluctuations become less significant, the movement is more even. But the price has not left the pattern yet.
I expect that the price will first rise to the resistance line 30385. And then it will fall to support. Thus, I expect the final target - the support line 30115.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US30 grow and falling in trend In the first days of November, the price began to grow and within a month rose to the resistance line 30275.
Then the price movement began in the channel.
The channel has a slight upward slope.
The price has been moving in it for a month now. FOR the month, the price has never broken through the channel line (resistance, support).
For the past few days, she has been moving in the middle of the channel without touching the lines.
And after a slight pullback, it began to grow.
I expect the price to move in two stages:
1. Growth to resistance 30581
2. Fall to support. The target is 29745.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
US30: Will Start Falling! Here is Why:
Hey traders,
Here is our technical analysis on US30.
The level where the price is trading right now is major
and the price will most likely bounce from that.
Please, leave a comment and support us with like.
US30 will touch resistance line and FALLIn the first week of November, the price received a small upside impulse from the support line. And, having risen, she began to form a channel. In which it moves all this time.
But on the larger timeframe, you can see that strong growth began even earlier, from the point - 26464.
Such an impulse, together with an already explicit channel, form a flag pattern.
After exiting the pattern, the price should continue its trend. And knowing this while we can predict the nearest price movement.
She recently touched the lower border of the channel - the support line. And has almost reached the line of resistance. Therefore, I expect the price to touch the resistance at 30150 and then fall.
Target - support line 29368.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
US30 will continue falling to support line Since the beginning of August, the price has been moving in characteristic growth-fall waves, regularly changing trends.
I have marked the last four movement changes on the chart.
Price trends change with a difference per month.
For example, from August to September there was an increase, from September to October - a fall.
The last upward trend took place from late October to mid-November.
And already on November 16, the price began to fall.
All these movements fit between the support and resistance lines (which are also the lines of the ascending channel).
Now the price is just near the resistance line.
But I expect that it will continue to fall and this fall will end at the support line.
The target is 28435.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
US30 new signal to sellAs I said in my previous forecast, the price is heading towards a strong resistance line.
She has almost reached this line.
Also, this line is the upper line of the ascending channel (which has existed since June 2020).
The price movement in the channel all this time was natural and very predictable.
Therefore, I believe that as soon as the price reaches the resistance line, you can open a sell.
SL - above the resistance line.
TP - along the support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
US30 good time to sellSince June 2020, the price has been moving in an upward channel.
At the end of October, it broke through the lower line of this channel - the support line. But it immediately rose and returned to its previous position.
After this breakout, the price was growing steadily.
Now it has come to the upper border of the channel - the resistance line.
Bounced off her. Corrected. And it starts to fall again.
This is a good time to open a sale.
SL - above the resistance line.
TP - along the line of support.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
US30 will FALL after short growthAt the beginning of this week, the price showed a strong movement; within one day, it rose rapidly. During the growth, it was able to break through two support lines at once. One of which is very strong on this chart.
It has been running since January 2020.
We see that during the growth, the price approached the resistance line - it is the line of a short upward. However, it began to fall without touching it and is now close to the support line.
Since the price recently touched this line and is now growing, this can be regarded as a correction and consolidation. Therefore, I think that the price will rise first and come to the resistance line. And then it will fall to the support zone at the intersection of the two support lines.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 near the resistance lineBoth of my previous predictions came true.
During an extended strong rally, the price first reached the resistance line (and broke through it).
Then it continued to grow from this line, as if by instructions, having risen to the next resistance line (we were expecting this to open a buy).
At the moment, the price has almost approached the line.
I expect her to touch her.
The first touch of this resistance line was in February 2020.
Plus, the price advance was quite strong before that.
I expect that the price will not be able to break the line.
The target is the support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
US30 FALL after strong growthIn my previous forecast, it was said that after breaking through a strong support line, the price should return to this line and then rise.
As we can see, the price did not even need a large correction - almost immediately after the breakout, it went up.
This was expected as the support line is very strong and has existed since 2008. The fact that the price was able to break through it minimally and then rise was a good sign.
As a result of its growth, the price even managed to break through the support level. But now she has reached the line of resistance.
I expect that in the near future the price will reverse from this line and begin to fall. In this case, I expect a target - the support level of 27457.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 - DAY TRADE VIEWUS30 - As per the hourly chart and candles it's losing the strength and about to break the trend.
My approach will be a sell here at current price 28690
Maintain stop loss around 28740
Potential downside target 28615 - 28530
Follow the levels as mentioned on the chart and written here in the description.
Trade hit the like button to spread the positivity :)
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
US30 go DOWNThe price is now on the resistance line. And in the future, I expect the price to go down to the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻