Lingrid

US100 FALLING to support line

Short
CURRENCYCOM:US100   US 100
Since the beginning of autumn, the price has been moving in an upward trend, the corrections of which are determined by several lines at once. This is a small resistance line from October and a support line from July and September.

Recently, the price just touched the resistance line 12670.0 and dropped sharply to the support line 123411.8.
Despite the fact that the support line is older, we can see how since October the price has already broken it twice during the fall. Both times, the breakout happened after the price came to the resistance line.

Therefore, even now I am inclined to believe that the price will not stop at this line, but will be able to break through it and continue to fall. The target in this case is the next support line in the 11883.5 area.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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