๐บ๐ธ US30 End of The Correction.
๐บ๐ธ Nearest strong support zone: around the 0.5 fibo level of the entire downward wave.
๐บ๐ธ Nearest strong resistance zone: around the 0.618 level of the entire downward wave.
๐บ๐ธ Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Downtrend
๐บ๐ธ Price action: the US30 is really doing great compared to other US indices. In recent days it has found strong support near the fibo 0.5 level of the entire downward wave where it had been accumulating for some time, Friday's session brought a breakout which with its range broke through the last local boundaries of accumulation. Ahead of us is the level of 0.618, which, in my opinion, will be pierced without too much trouble and we will start our way towards the last local peaks, all thanks to the losing value of the US dollar.
๐บ๐ธ The scenario I'm playing is a continuation of the increases to the area of the recent peaks, but I do not exclude the possibility of getting even higher. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
๐บ๐ธ Nearest strong support zone: around the 0.5 fibo level of the entire downward wave.
๐บ๐ธ Nearest strong resistance zone: around the 0.618 level of the entire downward wave.
๐บ๐ธ Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Downtrend
๐บ๐ธ Price action: the US30 is really doing great compared to other US indices. In recent days it has found strong support near the fibo 0.5 level of the entire downward wave where it had been accumulating for some time, Friday's session brought a breakout which with its range broke through the last local boundaries of accumulation. Ahead of us is the level of 0.618, which, in my opinion, will be pierced without too much trouble and we will start our way towards the last local peaks, all thanks to the losing value of the US dollar.
๐บ๐ธ The scenario I'm playing is a continuation of the increases to the area of the recent peaks, but I do not exclude the possibility of getting even higher. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
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