Lingrid

US30 continue GROW in Flag pattern

Long
CURRENCYCOM:US30   Dow Jones Industrial Average Index
In early November, the price showed a strong movement, after which it entered a small growing channel. As I said in my previous forecast, the price rallied to the resistance line and then dropped to the support line.


Thus, the price continues to move in the Flag Pattern, in this case, an upward one.
The price has already made at least 5 touches, and we also see a characteristic trend before entering the pattern. The pattern is formed between the support and resistance lines.

A little more about Potter Flag:

Right now, the price is close to the support line and I expect it to touch the line at 29558, and then push off and continue moving in the pattern towards the resistance line. The final target is thus the area of ​​the resistance line 30620.

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.