US30 4H :Still under sell pressure
Updated
US30
New forecast
The price perfectly fulfills my last idea and reached to our target .
The index price confirmed its break of the 32615 level, forming a strong negative attack. We noticed that it suffered huge losses when it touched the 32310 level on Friday, thus achieving the previously suggested negative targets.
Therefore the downward scenario will be remain valid and affective supported by moving average 50 and resistance zone that forms near 32700 ,The price may currently be forced to form some sideways fluctuation, but the general stability below the currently stable barrier near 32700 calls us to adhere to the negative weighting so that we expect it to target a level at 32310 with breach it it will reach to 32057.taking into account that stabilized above 32700 will postponed the bearish waves and support the price to build a positive momentum .
The expect range trading for today it will be between the resistance line 32700and support line 32615.
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line :32311 , 32057
resistance line : 32615 , 32700
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 price perfectly fulfills my last idea and reached to our target .
The index price confirmed its break of the 32615 level, forming a strong negative attack. We noticed that it suffered huge losses when it touched the 32310 level on Friday, thus achieving the previously suggested negative targets.
Therefore the downward scenario will be remain valid and affective supported by moving average 50 and resistance zone that forms near 32700 ,The price may currently be forced to form some sideways fluctuation, but the general stability below the currently stable barrier near 32700 calls us to adhere to the negative weighting so that we expect it to target a level at 32310 with breach it it will reach to 32057.taking into account that stabilized above 32700 will postponed the bearish waves and support the price to build a positive momentum .
The expect range trading for today it will be between the resistance line 32700and support line 32615.
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line :32311 , 32057
resistance line : 32615 , 32700
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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