US30 bullish resumption probability

5 авг. 2023 г.

Break below the support 3rd arrow is a continued sell. But we expect a rejection since its a third touch at the 61.8% fib level and also it is support. The area is just above the 50SMA on daily T.F making it an area of intrest. This downward movement is a correction of the overall bullish trend. Therefore we are still in buys until the second supporting trendline is broken then that would mean a trend change.