US500 false breakout/ Next - fall
Price moves along a strong resistance line (appeared in November 2015)
The two-day TF shows how the price reacts to the global and political agenda.
In February, during the first wave of Covid, the price touched the resistance line 3411.1 and collapsed.
Then it fell during the beginning of the second wave in September.
In November, on the contrary, it went up from support line 3251.4 in response to the US elections.
Now the price was able to break the line at 3650.7, but this is a false breakout.
In my opinion, after a false breakout, the price will fall again and come to the support zone.
Target - 3554.9
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The two-day TF shows how the price reacts to the global and political agenda.
In February, during the first wave of Covid, the price touched the resistance line 3411.1 and collapsed.
Then it fell during the beginning of the second wave in September.
In November, on the contrary, it went up from support line 3251.4 in response to the US elections.
Now the price was able to break the line at 3650.7, but this is a false breakout.
In my opinion, after a false breakout, the price will fall again and come to the support zone.
Target - 3554.9
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.