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
DAX 40 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
An emerging Channel Down has been detected on DAX 40 on the 1 hour chart. There is a…
ASX 200 seems to be on its way to resistance – a possible opportunity?
ASX 200 is moving towards a resistance line. Because we have seen it retrace from this level in…
DAX 40 hits 22384.2 after a 4.55% move spanning 15 days
DAX 40 has experienced an extremely big movement in last 14 days. It may continue the trend, but…