Lingrid

US100 FALLP in ascending channel

Short
The trend growth of this index is based on two lines: support - formed in June 2020 and resistance - formed in ibl 2020. But also a small growing channel formed within the trend - in October 2020.

And in February 2021, the price, having pushed off against the trend resistance of 13923.0, broke through the resistance line of the 13423.3 channel and returned to the channel. Moving in the channel aisles, it has now come to the resistance line 13849.7. And I expect the price to bounce off this line and fall to the lower border of the channel, the support line 12996.0.

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

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