US30 good time to open SELL trade

Jan 25, 2021

After a strong price movement in October 2020, the price came to the resistance line 30083, bounced and fell to the support line 28839. And both of these lines became the guiding lines for the uptrend.

At the same time, the support line was formed in September 2020, and the resistance line in November. In early January, the price broke through the resistance line at point 30864, ​​but after a slight movement above the line, it broke it again and returned to the trend.

The price repeated this movement twice more until it finally stopped within the line at point 31111. Now the price is on the line and since no breakout has been able to break the trend before, I expect that this time the price will fall towards the support line.

And this is an excellent position to open a sell trade. I will never tire of reminding you about SL - look for it above the resistance line in the region of 31461.

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