• Aug 29, 2024
  • Trade ideas

US30: Historical Maximum Testing

US30, Daily

US30Daily.png

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;
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Author: Egor Schmidt