This trade steup on US30 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 38065.2004.
Related Posts
Could a large bullish move on ASX 200 be a sign of things to come?
ASX 200 has experienced an extremely big movement in last 16 hours. It may continue the trend, but…
Important price line breached by FTSE 100. This price has been tested numerous times before.
FTSE 100 has broken through a resistance line. It has touched this line numerous times in the last…
NAS 100 is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 9 days.
NAS 100 is moving towards a resistance line which it has tested numerous times in the past. We…