US30 will FALL after short growth

11 thg 11, 2020

At 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👩‍💻