US 30 Bullish Flag Pattern Points to an Impending Breakout

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – May 30

The price of US 30 is currently approaching the unmitigated bullish order block above the significant level of 31718.0 during a corrective phase. The US 30 price has experienced a decline of approximately 4.85% since testing the supply level of 34228.0.

US 30 Key Levels

Resistance Levels: 33438.0, 34228.0, 34628.0
Support Levels: 32751.0, 31718.0, 30171.0

US 30 Bullish Flag Pattern Points to an Impending Breakout

US 30 Long-Term Trend : Bearish

In March, multiple wicks formed below the daily candles at the support level, indicating rejection. The Stochastic oscillator was oversold on the 24-hour timeframe. Subsequently, three white soldiers broke above the support level of 32751.0 after the Moving Averages (Periods 9 and 21) crossed, signaling bullishness.

US 30 is currently in a corrective phase after a bullish move from the support level of 32751.0. A double top bearish reversal chart pattern formed at the 34228.0 supply zone with the Moving Average ( Periods 9 and 21) crossing above 33438.0 in May.

US 30 Bullish Flag Pattern Points to an Impending Breakout

US 30 Short-Term Trend: Bearish

A trendline representing liquidity has been established during the corrective phase that began at 34228.0. The upcoming test of the bullish order block below is expected to support a bullish upward movement. The falling wedge pattern is under threat as buyers attempt to break the resistance level of 34228.0.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *