US30 4H / Continuation to 40030 and then...
Updated
Equities Rise as Fed Minutes Indicate September Rate Cut Likely
Current Technical Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,860. The market is expected to consolidate between 41,030 and 40,850 until a breakout occurs.
Bullish Scenario:
Stability above 40,850, could drive an increase toward 41,030, with further gains potentially leading to 41,345.
Bearish Scenario:
Should the price reverse and stabilize below the pivot line at 40,800, a bearish trend may emerge, targeting 40,480 and 40,320.
Key Levels:
Pivot Line: 40900
Resistance Lines: 41030, 41345, 41600
Support Lines: 40800, 40660, 40470
Expected Trading Range Today:
The price is likely to fluctuate between support at 40800 and resistance at 41130.
Trend: Upward movement.
Current Technical Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,860. The market is expected to consolidate between 41,030 and 40,850 until a breakout occurs.
Bullish Scenario:
Stability above 40,850, could drive an increase toward 41,030, with further gains potentially leading to 41,345.
Bearish Scenario:
Should the price reverse and stabilize below the pivot line at 40,800, a bearish trend may emerge, targeting 40,480 and 40,320.
Key Levels:
Pivot Line: 40900
Resistance Lines: 41030, 41345, 41600
Support Lines: 40800, 40660, 40470
Expected Trading Range Today:
The price is likely to fluctuate between support at 40800 and resistance at 41130.
Trend: Upward movement.
Trade closed: target reached
UPDATE
the price pushed up and still running to get our second target which is ATH at 41345 as long as trade above 41030 it means will reach there
the movement range will be between 41030 and 41345 till breakout
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t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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