US30 bullish momentum still continues and it does not show any weakness. the price made a breakout above 35500.00 and above 35900.00.
The price is heading towards 36400.00 which is the monthly resistance level. We have a confluence of resistance with horizontal resistance lines and two trend lines that now are acting as a resistance.
With this counted in I am expecting the price to retrace from 36400.00 down to 35900.00.
We have monthly and weekly bullish breakouts which means we also need a confirmation that will return the price down.
So 36400.00 is expected as the starting point of the retrace and 35900.00 and 35500.00 as the end point of a retrace.
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