US30 has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 10 days and suggests a possible target level to be around 35281.3517 within the next 2 days.
After testing support twice in the past, US30 has finally broken through. Can we expect a bearish trend to follow?
