Spiritualbeing11

us30 close to breaking channel

OANDA:US30USD   US Wall St 30
Hello everyone. As you can see, US30 looovvveeesss its channels. Our last channel was a bullish flag and it was also a great indication that the breakout would continue upwards, based on the large bullish divergence between price and momentum. You can see a similar example that just finished forming at the current channel. There is a bearish divergence in the ascending triangle and price on friday got rejected at the top trend line. Sunday evening will show us how the rest of the week will play out. Lets see if they give us a typical dump and pump. I cannot see this breaking to the upside. Although, with cryptos looking bullish, we will have to wait and see which direction it breaks.

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