US30 4H : OUTLOOK
US30
New forecast
The index price traded sideways yesterday with a strong negative rebound after touching the additional stable resistance at 34185.
Therefore we still prefer the uptrend due to the support level at the 34000 , and the upward will be remain because the moving average 50 still support the price to rise up , so to confirm the bullish trend should stable above 34185 and then will support the price to reach 34292 and extend to 34432 ,taking into account that stabilized under 34000 level will postponed the bullish trend.
The expect range trading for today it will be between the resistance line 3400 and support line 34185 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34000, 33832
resistance line : 34185 , 34292
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 traded sideways yesterday with a strong negative rebound after touching the additional stable resistance at 34185.
Therefore we still prefer the uptrend due to the support level at the 34000 , and the upward will be remain because the moving average 50 still support the price to rise up , so to confirm the bullish trend should stable above 34185 and then will support the price to reach 34292 and extend to 34432 ,taking into account that stabilized under 34000 level will postponed the bullish trend.
The expect range trading for today it will be between the resistance line 3400 and support line 34185 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34000, 33832
resistance line : 34185 , 34292
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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