price is inside a falling wedge and in support zone.
if price hold this support and head up, there is a resistance at 28177 that is the same with upper line of wedge.
break out from the wedge will increase price to 33256 and 36640, break out from 40757 will pump it to 66230.
and if price break down from current support zone, it will drop to 20318 and even 18312.
Using RSI weekly on DTX/SPX ONLY.
-If we go up, we go up "Now" like last week of July, 2021 by 7% - 21 % .
-If we go down 21-98 days from the signal's day
we will get 8% - 21 % correction/pullback
our window is 8.23-11.30 !!!
High impact of ADP Employment Change(Apr) may return positive implications for consumer spending, stimulating economic growth, what's more The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) on WEDNESDAY may change the direction upward as long.
Hy dear Members hope you all are enjoying our idea and Analysis. Now we are here to discuss about USOIL.
This is almost going to touch the main Resistance area that is the top of Channel. It has maximum Chances that it will get rejection there. And it will move back to the Price level 48.
Keep in touch we will update further soon.