USNAS100 4H : Downtrend under 14689
USNAS100
New forecast
The price rebounded from the support one and reached to our target +70 pip and then dropped to under support zone .
Yesterday, the index price formed a new downward wave, threatening the main ascending channel support centered at approximately 14822, and it will settle below it.
We recommend monitoring the price's behavior and waiting for it to close below 14689, given the opportunity for the price to break the current support due to its continued exposure to negative pressures, thus confirming its move to the negative path. We expect it to incur major losses that may start from 14582 and reach about 14520 in medium-term trading.
The main condition to be continue at the bearish trend is stabilized under 14689 and then our targets will be activate .
The expect range trading for today it will be between the resistance line 14822 and support line 14582 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 14689 , 14582
resistance line : 14822 , 14910
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 rebounded from the support one and reached to our target +70 pip and then dropped to under support zone .
Yesterday, the index price formed a new downward wave, threatening the main ascending channel support centered at approximately 14822, and it will settle below it.
We recommend monitoring the price's behavior and waiting for it to close below 14689, given the opportunity for the price to break the current support due to its continued exposure to negative pressures, thus confirming its move to the negative path. We expect it to incur major losses that may start from 14582 and reach about 14520 in medium-term trading.
The main condition to be continue at the bearish trend is stabilized under 14689 and then our targets will be activate .
The expect range trading for today it will be between the resistance line 14822 and support line 14582 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 14689 , 14582
resistance line : 14822 , 14910
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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