Due to previous double top chart pattern formation, the price fell but it has a consistency to form a higher high onto the trend line. After the coming higher high, due to fundamental analysis that USD price will continuously fall, the price of US30 might fall down to 25500 support level.
Commentaire:
However note that at 15 min time frame, there's an obvious small double bottom at 26001 key level area . If price break through 26750, (Which is an indication of the successful formation of double bottom chart pattern), the bearish idea will become false.
Commentaire:
Turns out the double bottom was a support