US 30 - What Next ?
Since November 2023, the index has been moving in a rising parallel channel. This time, again, it comes to the lower edge of the channel.
If shows a reversal from the lower edge, may go into a bullish phase. MACD shows a reversal sign too. But merely this is not enough. should wait for some more confirmations. However, this is a good time to exercise a position with a low risk.
If gives a bounceback around these levels, may go around 44500 or more..
This illustration is only for learning and sharing purposes, it is neither a prediction nor a trading advice in any way.
All the best for your trading plans.
If shows a reversal from the lower edge, may go into a bullish phase. MACD shows a reversal sign too. But merely this is not enough. should wait for some more confirmations. However, this is a good time to exercise a position with a low risk.
If gives a bounceback around these levels, may go around 44500 or more..
This illustration is only for learning and sharing purposes, it is neither a prediction nor a trading advice in any way.
All the best for your trading plans.
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