US100 on strong resistance zone \ Will fall

18 พ.ย. 2020

My last forecasts which came try.
Firstly The price has been steadily growing and broke through all the lines in its path.

Secondly it stopped and began to fall.

Finally in the end, the price came to the support line, bounced off it and rose to the resistance line (a buy deal brought us a good profit)

Now the price is at the intersection of the resistance lines in the strong zone (12982.8).
One of the lines is semi-annual (July 2020).
Also, the price is in an upward channel.
And one of the lines is just the top line of the channel.
With such strong resistance, I expect the price to fall. Target - support line (11719.7)

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