US100 break of resistance level

٤ نوفمبر ٢٠٢٠

The price has finished moving in the descending channel (which was formed in mid-October).
It broke through the resistance level and stopped at the support line.
Then the growth began.
The support line has existed since the beginning of July, compared to all other lines on today's chart - it is much stronger.

Plus, at least three touch points are visible, after which the price started to rise.
Moreover, it is already clear that this time the price began to rise.
So globally, I expect growth.
However, here again the resistance level appears.
Its price has already broken through with the "shadow" of the "candle" and I expect the price to then return to lock in. And already from this level (after the breakout - support) it will grow to the resistance line.
The target is the resistance line.
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