US30 reversal at the RESISTANCE line and FALL

6 Apr 2021At the end of February last year, the index collapsed from the resistance line of 29560. This collapse can be associated with the beginning of the pandemic (at the same time, gold rose strongly as a crisis asset). However, in March, investors returned to the index again and the price began to grow, thus forming an upward trend.

In November, the price broke through support at 29530 and returned to the main trend. In the trend, it rallied towards resistance 33496. I expect the price to fall from this point. It will break through the support lines 33015 and 32250 and come to the support trend line 31458. 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 👩‍💻