Short

US30 good position to open a SELL TRADE

1 077
As we can see on the chart, since November 2020, the price continues to move in an uptrend, using as a guide the younger support line, which also appeared in November. Resistance is the older line formed on the chart back in July last year.

And now, after a rise from the 30819 support zone and a false breakout, the price just dropped again to the resistance line at 32616. I expect a fall from this point and this is a good position to open a sell trade! I will never tire of reminding you of the importance of SL - look for it above the resistance line around 32808.

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

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.