US30 4H: Still support to rise up
Updated
US30
New forecast
In yesterday's trading, the index price lost positive momentum. We noticed a strong decline after touching the 37163 level and then settling above it. The current scenario depends on the strength of the current support, so we expect that with its stability, the price will begin accumulating positive momentum to enable it to form a new upward impulse with the aim of reaching towards 37392, and extending to the 37758 level.
Therefore we still prefer the upward scenario for coming period ,for reminder the moving average 50 support the price to rise up and price still trading regularly within the upward channel that appears on the chart ,As for the price being exposed to new negative pressures and sneaking below the current support at 37163 level , this will force it to postpone the upward attack and begin forming bearish corrective waves.
The expect range trading for today it will be between the resistance line 37758 and support line 37163 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect on the market .
support line : 37163 , 36916
resistance line : 37392 , 37758
Attention : We don't have any group in telegram be careful about scammer.
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
In yesterday's trading, the index price lost positive momentum. We noticed a strong decline after touching the 37163 level and then settling above it. The current scenario depends on the strength of the current support, so we expect that with its stability, the price will begin accumulating positive momentum to enable it to form a new upward impulse with the aim of reaching towards 37392, and extending to the 37758 level.
Therefore we still prefer the upward scenario for coming period ,for reminder the moving average 50 support the price to rise up and price still trading regularly within the upward channel that appears on the chart ,As for the price being exposed to new negative pressures and sneaking below the current support at 37163 level , this will force it to postpone the upward attack and begin forming bearish corrective waves.
The expect range trading for today it will be between the resistance line 37758 and support line 37163 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect on the market .
support line : 37163 , 36916
resistance line : 37392 , 37758
Attention : We don't have any group in telegram be careful about scammer.
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 price reached to our first target +110 pip , and our targets is still activate ..
If you want to hold put SL at entry and wait for our targets .
Note
US30Update
Sideways and weak trades dominate the US30 price due to the holiday in the financial markets, so the scenarios suggested in our recent reports remain unchanged, and we recommend reviewing them to learn about the trends.
Trade closed: target reached
US30
Update
The price perfectly fulfills my last idea and price reached to our targets +470 pip .
The index price succeeded in resuming the positive creep, to now settle above the 37605 level, achieving some gains, thus announcing its readiness to resume the upward attack during the near and medium period, and waiting for the resistance level at 37767 to be breached, to open the way for the price to reach the 38124 level and extend to the 38460 level.o stabilized above 37767 level then our targets will be activate
Therefore the upward scenario will be remain valid and effective during coming period , but right now it possible to a retest to 37592 and then rise up , taking into account that stabilized under 37592 level will put the price under negative correction .
The expect range trading for today it will be between the resistance line 38124 and support line 37163 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect on the market .
support line : 37592 , 37163
resistance line : 37758 , 38124
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like❤️
Note
US30The price perfectly fulfills my last idea and we got profit about +90 pip and still running ..
Close it or If you want to hold put SL at entry .
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