Nice retst of previous trendline and resistance-zone could cause a drop here!
WATCH OUT - Powell is about to speak today, so everything can happen! ;-)
#US30USD | What Is The Comming Scenario For 2021?
Looking at #US30USD 30295 could be a perfect area for a drop since the price right now is making a triangle formation.
With a potential drop in the coming week and the start of the year. Looking to technicals and fundamentals in general where the scenario is not very clear and market hate uncertainty.
Until we...
So I'm away on holiday at the moment and am experimenting on a few ideas that have been running through my head these past few months
so we are going to see one here with U30
the initial drop was inside a range for 3-4 phases before it drop and I went in to calculate the amount of points that it did
and guess what it was about 1530 in price terms
and after...
We seen the market make a retracement last week to our 120% fib level. What does this mean? Nothing really because we didn't take any short positions. All this mean is that we retraced to 120% which is above our daily resistance zone (25882).
If we take a look at our weekly chart our weekly midrange support (25000) has held firm causing the price to shoot back...
