US30 Will Go Higher! Long!

4 בדצמ׳

Take a look at our analysis for US30.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 44,904.9.

The above observations make me that the market will inevitably achieve 45,324.9 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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5 בדצמ׳

הערה

Great beginning for a trade, let’s hope it goes further!