US30: Historical Record Test

US30, Daily

In the Daily timeframe, US30 hit an all-time high as the FOMC meeting approached. A rising wedge pattern formed, and the price reached the upper trend line. Despite this, a divergence has formed on RSI, and the Stochastic is overbought.

• If the bulls push the price above the resistance of 41700, it will rise to 43300, corresponding to 161.8 Fibonacci;

• A break of the lower trend line will start the correction to 40300;