US30 4H :Lateral oscillation repeats
US30
OUTLOOK
Technical Abstract :
The index price still lacks positive momentum until this moment after failed to stable below 34594 yesterday , forcing us to provide more sideways fluctuation between the barriers 34594 - 34740, while the general stability within the axes of the ascending channel and the stability of the main support above 34594 invites us to wait for it to gather positive momentum to enable it to activate the upward attack during the medium period.
Therefore, we expect the price to continue offering sideways trades until it exceeds the 35594 level, and then we wait for it to achieve many gains by rushing towards 35050 and 35647 respectively , stabilized under 34594 will stop all positive attacks.
The expect range trading for today it will be between resistance line 34740 and support line 34594 until stabilized .
support line :34594 , 34400
resistance line : 34740 , 34884
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Technical Abstract :
The index price still lacks positive momentum until this moment after failed to stable below 34594 yesterday , forcing us to provide more sideways fluctuation between the barriers 34594 - 34740, while the general stability within the axes of the ascending channel and the stability of the main support above 34594 invites us to wait for it to gather positive momentum to enable it to activate the upward attack during the medium period.
Therefore, we expect the price to continue offering sideways trades until it exceeds the 35594 level, and then we wait for it to achieve many gains by rushing towards 35050 and 35647 respectively , stabilized under 34594 will stop all positive attacks.
The expect range trading for today it will be between resistance line 34740 and support line 34594 until stabilized .
support line :34594 , 34400
resistance line : 34740 , 34884
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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