US 30 4H : UPTREND
Updated
US30
New forecast
The index price rose and activated the positive path in Friday’s trading by rushing above the 34185 level, suggesting an upward trend during the coming period.
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is support the price towards rise so our target will be 34249 and stabilized above this line will support the price to reach 34432 , taking into account that stabilized under 34000 will put the price under sell pressure again , also it is possible to do a retest and then rise up .
The expect range trading for today it will be between the resistance line 34292 and support line 34000 until stabilized .
support line : 34185 , 34000
resistance line : 34292 , 34432
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 rose and activated the positive path in Friday’s trading by rushing above the 34185 level, suggesting an upward trend during the coming period.
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is support the price towards rise so our target will be 34249 and stabilized above this line will support the price to reach 34432 , taking into account that stabilized under 34000 will put the price under sell pressure again , also it is possible to do a retest and then rise up .
The expect range trading for today it will be between the resistance line 34292 and support line 34000 until stabilized .
support line : 34185 , 34000
resistance line : 34292 , 34432
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 manually
US30Update
The price perfectly fulfills my last idea and price is near to our first profit + 60 pip
If u want to hold put sl at entry , to be continue at the bullish trend should stable above 34292 and then will reach to others targets .
Trade closed: target reached
US30
New forecast
The price perfectly fulfills my last idea and price reached to our target +120 pip .
The price of the index rose in yesterday’s trading and continued to form upward waves, taking advantage of the repeated stability above the level at 34185, to constitute strong support, and we notice that it achieved new gains by reaching about 34400.
Therefore we still prefer the upward trend but because of today news we may have to wait until released the news to know clearly the next setups , so if the result released as positive for indices then the price will rise up to reach 34432 and 34580 other wise the price will drop 34185 and by breaching this level will reach 34000.
The expect range trading for today it will be between the resistance line 34580 and support line 34000 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 34185 , 34000
resistance line : 34432 , 34580
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
US30
New forecast
The price perfectly fulfills my last idea and price reached to our targets + 400 pip .
The index price rose yesterday and formed a strong upward attack by crossing the barrier at 34768, achieving significant gains of 34980. so we expect the upward trend will be in control in the coming period especially the price trade above 34768 .
Therefore the upward scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up , so our targets will be 35048 and extend to 35107 and 35257 ,taking into account that stabilized under 34768 will force the price to forms the negative correction to 34635 and then will rise up .
The expect range trading for today it will be between the resistance line 35107 and support line 34768 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 34768 , 34635
resistance line : 35048 , 35107
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
US30
Update
The price perfectly fulfills my last idea and price reached to our first target + 100 pip .
The index price rose up slowly and kipped its stability within the upward path with repeated fluctuations above the 34768 level, achieving some additional gains to reach our first target at 35048.
Therefore the upward scenario still remain valid and effective during coming period , supported by moving average 50 that is formed positive effective on the price and our target will be 35048 again and stabilized above that level will task easier in front of the price to rise up more and to targeting 35257. taking into account that it is possible to do a retest to 34768 and then rise up and stabilized under that level will put the price under sell pressure . so the main condition to be uptrend is stabilized above 35048.
The expect range trading for today it will be between the resistance line 35107 and support line 34768 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 34768 , 34635
resistance line : 35048 , 35107
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
US30
Update
The price perfectly fulfills my last idea and price reached to our target +100 pip.
The price of US30 rose up during yesterday's trading and reached to our target, and still trading above 34768 This confirms the positive continuity for upcoming trades
Therefore the upward scenario will be remain valid and effective , but to confirm the bullish trend should stable above 35107 and then will try to reach 35257 and 35400 , taking into account that under 35107 is possible to do a retest to 34768 and then rise up , and stabilized under 34768 will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 35107 and support line 34768 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 34768 , 34635
resistance line : 35048 , 35107
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.