US30 4H : Still under sell pressure
Updated
US30
OUTLOOK
The price perfectly fulfills my last idea and price reached to our first target .
The index price presented more negative closings by oscillating below the broken support of the ascending channel, which in turn currently forms strong resistance at 34300, confirming its surrender to the control of the bearish bias, and we note its concentration below 34043.
The movement under resistance area the price will be forced to form new negative waves, so we expect it to soon attack the 33910 level, which in turn forms the neck level of the negative two-peak pattern. By breaking this level, losses may extend directly towards 33692. We have to notice that stabilized above 34043 will postponed the bullish trend in the short term .
The expect range trading for today it will be between resistance line 34043 and support line 33910 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 33910 , 33692
resistance line : 34043 , 34300
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The price perfectly fulfills my last idea and price reached to our first target .
The index price presented more negative closings by oscillating below the broken support of the ascending channel, which in turn currently forms strong resistance at 34300, confirming its surrender to the control of the bearish bias, and we note its concentration below 34043.
The movement under resistance area the price will be forced to form new negative waves, so we expect it to soon attack the 33910 level, which in turn forms the neck level of the negative two-peak pattern. By breaking this level, losses may extend directly towards 33692. We have to notice that stabilized above 34043 will postponed the bullish trend in the short term .
The expect range trading for today it will be between resistance line 34043 and support line 33910 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 33910 , 33692
resistance line : 34043 , 34300
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
US30UPDATE
The price perfectly fulfills my last idea and we get about +100 pip.
and now the price on the way to reach our target which is 33692.
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