USNAS100 4H : Outlook
Updated
USNAS100
New forecast
Despite the index price's attempt yesterday to form an upward corrective rebound and its push towards 14760, the negativity of the 50 moving average pushed it to fall again below the stable resistance at 14822, thus confirming its surrender to the control of the previously suggested bearish bias.
The price currently needs new negative momentum to start forming new bearish waves. We expect it to attack the 14650 level first, and by breaking it and stabilized under it , the losses will extend towards 14582, which in turn constitutes the first main target for negative trading. keeping in mind that breach and stabilized above 14760 will postponed the bearish attempts and will help the price to rice up and reach 14822 at first .
The expect range trading for today it will be between the resistance line 14822 and support line 14582 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 14650, 14582
resistance line : 14760 , 14822
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
Despite the index price's attempt yesterday to form an upward corrective rebound and its push towards 14760, the negativity of the 50 moving average pushed it to fall again below the stable resistance at 14822, thus confirming its surrender to the control of the previously suggested bearish bias.
The price currently needs new negative momentum to start forming new bearish waves. We expect it to attack the 14650 level first, and by breaking it and stabilized under it , the losses will extend towards 14582, which in turn constitutes the first main target for negative trading. keeping in mind that breach and stabilized above 14760 will postponed the bearish attempts and will help the price to rice up and reach 14822 at first .
The expect range trading for today it will be between the resistance line 14822 and support line 14582 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 14650, 14582
resistance line : 14760 , 14822
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
USNAS100UPDATE
The price perfectly fulfills my last idea and price reached to our target +140 pip
Now it is possible to rebound from the support zone .
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