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US30 will continue falling to support line

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CURRENCYCOM:US30   Dow Jones Industrial Average Index
Since the beginning of August, the price has been moving in characteristic growth-fall waves, regularly changing trends.
I have marked the last four movement changes on the chart.
Price trends change with a difference per month.
For example, from August to September there was an increase, from September to October - a fall.
The last upward trend took place from late October to mid-November.
And already on November 16, the price began to fall.
All these movements fit between the support and resistance lines (which are also the lines of the ascending channel ).
Now the price is just near the resistance line.
But I expect that it will continue to fall and this fall will end at the support line.
The target is 28435.

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Comments

You are wrong again
Reply
Still valid? Thank you
Reply
willl see - thank you
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DeGRAM Lingrid
@Lingrid, You are welcome
Reply
friend will it come resistance?
Reply
DeGRAM TradingAlchemist
@TradingAlchemist, The price falls down.

Perhaps later it will push off the support and go upstairs
Reply
The sequence is clear! Thanks!
Reply
DeGRAM Solldy
@Solldy, You are welcome
Reply
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