US30 good position to open BUY TRADE

Feb 1, 2021

In May last year, the index bounced off the support line 22821 and from this point began to grow in an upward trend. the second guideline for the trend was the resistance line, which the price touched for the first time in June.

In November 2020, an additional support line was also formed on the chart, the first touch of which occurred at point 28998. In early January, having bounced off this line, the price was able to break through the resistance line 30602, for several days it moved above the line and then broke it again during the fall and in As a result, I dropped to support.

After the correction to the resistance, the price again came to the support line and this time touched the strong zone created at the intersection of two lines - 29840. The price has already started to rise and this is a great time to open a buy trade!

I will never tire of reminding you of the importance of SL. Look for it below the support zone in region 29384.

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