US30 will continue falling to support line

23 בנוב׳ 2020

Since the beginning of August, the price has been moving in characteristic growth-fall waves, regularly changing trends.
I have marked the last four movement changes on the chart.
Price trends change with a difference per month.
For example, from August to September there was an increase, from September to October - a fall.
The last upward trend took place from late October to mid-November.
And already on November 16, the price began to fall.
All these movements fit between the support and resistance lines (which are also the lines of the ascending channel).

Now the price is just near the resistance line.
But I expect that it will continue to fall and this fall will end at the support line.
The target is 28435.

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