USNAS1004H : Still under sell pressure
USNAS100
New forecast
The price perfectly fulfills my last idea and price reached to our second target + 210 pip .
The index price presented a new negative close below the support of the broken ascending channel, which is currently extending towards 14582, thus confirming its move to the downward path. We notice that it is positioned below the level of 14520. Also, an attempt to reach the moving average 50 towards the broken support will confirm the formation of strong resistance in front of the negative attempts, which invites us to prefer more negative trading. Let the price try to reach below 14378, and then let us wait for it to touch the next main second target, which is stable at 14250.
Therefore the downward scenario will be remain valid and effective during coming sessions ,with a reminder of the importance of stability under 14520. To continue the expected drop.
The expect range trading for today it will be between the resistance line 14582 and support line 14250 .
Additionally ,Today New York sessions will affect on the Indices .
support line : 14378 , 14250
resistance line : 14520 , 14582
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 price perfectly fulfills my last idea and price reached to our second target + 210 pip .
The index price presented a new negative close below the support of the broken ascending channel, which is currently extending towards 14582, thus confirming its move to the downward path. We notice that it is positioned below the level of 14520. Also, an attempt to reach the moving average 50 towards the broken support will confirm the formation of strong resistance in front of the negative attempts, which invites us to prefer more negative trading. Let the price try to reach below 14378, and then let us wait for it to touch the next main second target, which is stable at 14250.
Therefore the downward scenario will be remain valid and effective during coming sessions ,with a reminder of the importance of stability under 14520. To continue the expected drop.
The expect range trading for today it will be between the resistance line 14582 and support line 14250 .
Additionally ,Today New York sessions will affect on the Indices .
support line : 14378 , 14250
resistance line : 14520 , 14582
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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