US30 / 1H
After breaking the last resistance, the dow index continues the bullish trend
making a series of new highs and new high lows. Although the price started showing a divergence in the momentum which indicates a reverse. For today's session, we will be looking for 2 scenarios because of the impact of NFP on the markets.
Trade safe,
Trader Leo
The price has been following an ascending turn since 2012. After falling in February 2021, it stopped at a strong support zone at the level and intersection of the lines of June and August 2012 and began a new growth, and then consolidated in the zone. I expect the price to continue to rise and come to the resistance line at 1.534.
Traders, if you like this idea...
One of the main - the most important - lines on the chart at the moment is the support line, formed in December 2020. Even though it has only been around for a few months, this line has given the price a good boost throughout that time. You can clearly see how the price bounced each time, touching this line.
Even after the price broke through the strong...
