USNAS100 4H : Downtrend under 14822USNAS100
New forecast
In Friday's trading, the index price formed some upward waves, recording some gains by reaching 15029.8 and then returning to the barrier positioned at 14822 - 14910 and holding within it. Continued stability within this barrier may force the price to offer mixed sideways trades during the current period to be confined between the 14822 level and the 14910 level.
From the above, we recommend trading neutrality for today and waiting for a close below 14822 so that we can determine the expected negative targets for upcoming trades. In the event that the price breaches the 14822 level, this will reinforce the downward path by targeting directly the 14663 and 14582 levels, while the price sneaks below 14910, this will increase the chances of it forming positive waves. Strong, so we expect it to attack the support extending towards 15182.
support line : 14822 , 14663
resistance line : 14910 , 15029
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