Index forecast / US30 / Our expectations
Middle-term downward trend, the price is making lower tops. Formed figure Triangle and break below the diagonal support of the figure. The price remains below the zone of support where FiBo 50.0 and diagonal support are crossing. Technical indicator: CCI(50) - breaking below level -100 - the negative sentiment strengthens. The price remain below SMA 200/50 - negative signal.
Alternative scenario: If the price pulls back in the triangle, the execution of the figure will failed and the negative scenario will be dismissed.
SL: 25000
Trader Bozhidar Arabadzhiev
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