Lingrid

US100 channel breakout and GROWTH

Long
CURRENCYCOM:US100   US 100
Since October 2020, the price has been moving in an upward channel. All breakouts of this channel before this moment were false and were stopped by the June 2020 support line and the July 2020 resistance line. At the end of March, the price bounced off the support line - the lower border of the channel - 12820.8. Then it grew in the channel and touched its upper border, resistance 13887.1.

However, the growth did not stop there and the price was able to break through this line. Moving along the line during the week, the price at some point returned to the channel, but now it is again at the upper border of 13952.8. I expect that from this support the price will rise, leave the channel again and come to resistance - the line of November 2020 - 14379.3.

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

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.