Short

US100 growth and after fall in channel

The price is moving in line with my previous forecasts - they came true.
First, after a strong impulse of growth, the price came to the resistance line, broke it and then fell.
US100 fall after strong growth

Then it began to grow from the support zone, where we opened a purchase.
US100 good point to buy

The price reached the resistance line (12040.3), bounced off it and began to fall.
US100 will fall to support line

This line is also the upper line (resistance) of the upward channel, the formation of which can be found in July 2020.
snapshot
The price is in the middle of this channel in a small upward trend.
I expect it to rise to the resistance line 12220.5 and then fall.
The target is the support line 11807.4.

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ForexshortTrend Analysisus100

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