Being in a growing channel since October 2020, the price made several breakouts of the channel lines, but each time it was stopped by strong support lines - June 2020 and resistance - July 2020. After one of these breakouts, the price fixed on the channel support line 12839.0 and showed strong growth.
During this growth, the price was able to break through the upper border of the 13899.6 channel. However, it did not grow immediately, but rolled back and fixed itself on the support line. Now I expect a second consolidation at 13927.6 and a rise to the resistance line 14262.8. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Good idea , but US100 would move up to 14100 maximal now and move back to 13250-13400. Then go up into 14350.
Henry_Ross
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Agree!
arsalanzand7
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You have interesting thoughts!
Clarkbar2
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LINGRiD, IS CLEAR AND CONCISE! Her chartwork Speaks volumes. I find that in using this approach to another of my positions... LINGRID had me poised for gains across THE BOARD~!! See (SPG).. you'll be amazed. BEST OF BREED.