US30 4H : Support further rise
Updated
US30
New forecast
The index price rose in yesterday’s trading by recently surpassing the stable resistance at 32250, achieving significant gains by attracting towards 33450 with More bullish corrective attempts are likely.
Therefore the bullish trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up, but the price currently needs new positive momentum to enable it to overcome the stable obstacle at 33450 to make it easier for the price to achieve the proposed target that it started by targeting the 33600 level, and by breaking it, it will reach 33770.taking into account that is possible to do a retest to 33250 and the rise up.
The expect range trading for today it will be between the resistance line 33600 and support line 32250.
Additionally Today ,New York sessions will affect on the Indices .
support line : 33250 , 33155
resistance line : 33450 , 33600
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 in yesterday’s trading by recently surpassing the stable resistance at 32250, achieving significant gains by attracting towards 33450 with More bullish corrective attempts are likely.
Therefore the bullish trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up, but the price currently needs new positive momentum to enable it to overcome the stable obstacle at 33450 to make it easier for the price to achieve the proposed target that it started by targeting the 33600 level, and by breaking it, it will reach 33770.taking into account that is possible to do a retest to 33250 and the rise up.
The expect range trading for today it will be between the resistance line 33600 and support line 32250.
Additionally Today ,New York sessions will affect on the Indices .
support line : 33250 , 33155
resistance line : 33450 , 33600
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 idea and price reached our profit + 100 pip .
Currently it possible to do a retest and then will be continue at the bullish trend
Trade closed: target reached
US30
New forecast
The price perfectly fulfills my last idea and price reached to our third target + 600 pip .
The index price rose strongly in yesterday’s trading, exceeding the stable barrier at 33660, achieving significant gains by reaching about 33770 so we expect the price will be continue at the bullish trend until reach the resistance zone at 34052 and 34150.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up ,keeping in mind that failure to breach the resistance zone we mentioned above, it will forces the price to formed the negative correction to 33770 and then will rise up again ,so be care it is possible to do a retest .
The expect range trading for today it will be between the resistance line 34150 and support line 33770.
Additionally Today ,New York sessions will affect on the Indices .
support line : 33770 , 33600
resistance line : 34052 , 34150
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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