US30: Historical Maximum Testing

US30, Daily

In the Daily timeframe, US30 formed a double-top pattern in a long-term bullish trend, testing the historical high. The price reached the 161.8 Fibonacci resistance, creating two possible scenarios.

• If the price breaks the 41400 resistance, it will open the way for a rise to 43000, corresponding to 238.2 Fibonacci;

• A rebound from resistance will drop the US30 back to 40000 support;