US30 4H : above 34150 will rise up again
US30
New forecast
The price perfectly fulfills my last idea and price reached to our first target .
The index price rose over the past week and confirmed its surrender to the control of the bullish tendency by surpassing the support centered at 33770 and holding above it, achieving new positive gains by reaching about 34148,waiting for positive impulse to stable above 34150 and then our positive will be 34292 and extend to 34432. so the main condition to be uptrend is stability above 34150.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 ,Taking into account that stabilized under 34052 level this may force it to form a temporary bearish corrective bounce to target the 33832 level and then will rise up.
The expect range trading for today it will be between the resistance line 34292 and support line 34052 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34052 , 33832
resistance line : 34150 , 14292
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 price reached to our first target .
The index price rose over the past week and confirmed its surrender to the control of the bullish tendency by surpassing the support centered at 33770 and holding above it, achieving new positive gains by reaching about 34148,waiting for positive impulse to stable above 34150 and then our positive will be 34292 and extend to 34432. so the main condition to be uptrend is stability above 34150.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 ,Taking into account that stabilized under 34052 level this may force it to form a temporary bearish corrective bounce to target the 33832 level and then will rise up.
The expect range trading for today it will be between the resistance line 34292 and support line 34052 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34052 , 33832
resistance line : 34150 , 14292
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.