USNAS100 4H : Support further decline
Updated
USNAS100
New forecast
The index price continued to postpone downward corrective attempts due to its lack of negative momentum, and continued to fluctuate sideways near 14915, as shown in the attached figure.
We would like to remind you that our bearish bias will remain based on the stability of the stable barrier at 154915. We expect the price to gather additional negative momentum to start targeting the negative stations, first attracting it towards 14752 and then extending the losses towards 14663.Taking into account that stabilized above 14915 will postponed the bearish attempts and will start the bullish corrective.
The expect range trading for today it will be between the resistance line 14915 and support line 14823 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 14823 , 14752
resistance line : 14915 , 15030
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The index price continued to postpone downward corrective attempts due to its lack of negative momentum, and continued to fluctuate sideways near 14915, as shown in the attached figure.
We would like to remind you that our bearish bias will remain based on the stability of the stable barrier at 154915. We expect the price to gather additional negative momentum to start targeting the negative stations, first attracting it towards 14752 and then extending the losses towards 14663.Taking into account that stabilized above 14915 will postponed the bearish attempts and will start the bullish corrective.
The expect range trading for today it will be between the resistance line 14915 and support line 14823 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 14823 , 14752
resistance line : 14915 , 15030
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
The price perfectly fulfills my last idea and price reached our second target +200 pip
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