!!! US30USD Index !!!!
Topic :
With the price hitting the resistance area 34817, to which the price has reacted many times, and on the other hand, this area is at the level of 0.786 of the previous falling wave, which increases the credibility of this area and creates a downtrend line, and on the other hand, the price It is very far from the created uptrend line and we expect a collision with the trend line and correction
Our target area for price correction is 34523 for the following reasons:
1 - This is a resistance area to which the price has reacted many times
2 - This area is at the level of 0.236 of our uptrend
3 - This area is at the intersection of our uptrend line and level 0.236
As a result, we expect a drop to the said area and then move on and create a classic pattern
Please share your opinion about my analytical style
With the price hitting the resistance area 34817, to which the price has reacted many times, and on the other hand, this area is at the level of 0.786 of the previous falling wave, which increases the credibility of this area and creates a downtrend line, and on the other hand, the price It is very far from the created uptrend line and we expect a collision with the trend line and correction
Our target area for price correction is 34523 for the following reasons:
1 - This is a resistance area to which the price has reacted many times
2 - This area is at the level of 0.236 of our uptrend
3 - This area is at the intersection of our uptrend line and level 0.236
As a result, we expect a drop to the said area and then move on and create a classic pattern
Please share your opinion about my analytical style
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