US30 reversal from RESISTANCE line and FALL

9 Mar 2021

The 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 👩‍💻