SPX500USD growth in channel
We disassemble a new pair.
The last half of the year, this index has been characterized by sharp jumps.
It last fell heavily in October.
After that it rose sharply, consolidated at the 3493.9 line and continued to grow.
The second touch and breakdown of the resistance line 3600.6, the price started the trend.
Since November, the price rises in the ascending channel.
At the end of last week, she touched the 3636.3 support line.
Grew up, could not break through the line of the middle of the channel, again fell to support.
I repeated the movement.
Now the price is at the support-resistance line of 3695.0.
This is the line in the middle of the channel.
In my opinion, the price will bounce off the line and rise to the resistance line.
The target is 3760.1.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The last half of the year, this index has been characterized by sharp jumps.
It last fell heavily in October.
After that it rose sharply, consolidated at the 3493.9 line and continued to grow.
The second touch and breakdown of the resistance line 3600.6, the price started the trend.
Since November, the price rises in the ascending channel.
At the end of last week, she touched the 3636.3 support line.
Grew up, could not break through the line of the middle of the channel, again fell to support.
I repeated the movement.
Now the price is at the support-resistance line of 3695.0.
This is the line in the middle of the channel.
In my opinion, the price will bounce off the line and rise to the resistance line.
The target is 3760.1.
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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