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Forex-Wiser7

US30 on strong resistance zone

Short
Dow Jones Industrial Average Index (CURRENCYCOM:US30)  
Forex-Wiser7 Updated   
CURRENCYCOM:US30   Dow Jones Industrial Average Index
Support and Resistance Trend Lines
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supportandresistance trendline
Hello traders on daily timeframe we see that price is testing a strong resistance zone from 2018. In the start of 2021 price broke high above 30700 area from where it should have moved down. But now it has come to the point where after testing the resistance I am hopeful that it will pull back.

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Comment:
For our confirmation and strategy that we can apply is RSI divergence. On 1Hr chart we can see a divergence clearly. If price is able to break the trend line you can go short on this trade with calculated risk. Monitor price on 15min chart.

snapshot
Trade active:
According to our RSI divergence setup price broke the trend line hopefully it will give us nice pips. Let's see
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