Lingrid

US500 FALL to bottom of trend

Short
The price is in a strong uptrend and has continued to rise since June 2020, when one of the major resistance lines was formed on the chart. During this growth, the price touched the line at 3958.0. after which it began to fall to the lower border of the trend. Another resistance line has formed at the tops of this fall.

Yesterday the price touched it at point 3901.3 and now I expect that the price will continue to fall from this line, break through the support 3734.3 and come to the support line 3728.4.

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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