Long

US30 continue GROW - BUY SIGNAL

1 086
The price continues to move slowly in the pattern as I said in my previous forecast, which is gradually coming true.

US30 continue GROW in Flag pattern


The price has formed the "Flag" pattern on the chart. It all started with a strong impulse that set an uptrend at the end of October 2020. And then the price hit the support and resistance lines.

snapshot

The flag is a reversal pattern after it, the price will change the trend with greater intensity, that is, in our case, it will start to fall. However, right now it is already clear that the price has started an upward movement. So at the moment I expect the price to rise first. And this is a reason to open a buy trade.

I never tire of reminding you of the importance of SL - set it just below the resistance line around 29397.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.