US30 4H : Support to decline
US30
New forecast
The index price fell yesterday after testing the stable resistance at 34185 and failing to penetrate it. We notice that it sneaked below the moving average of 50, incurring clear losses by touching the level of 33832 approximately.
Let us favor the downward trend during the coming period, as breaking 33832 will facilitate the task for the price to reach 33600 and 33450.
Therefore the downtrend scenario will be remain valid and effective during coming period , taking into account that stabilized above 34185 will put the pressure on the price to rise up . for reminder our target will be active when price can stable under 33832. also it possible to do a retest to 34000 and then drop.
The expect range trading for today it will be between the resistance line 34185 and support line 34600 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34000 , 34185
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 index price fell yesterday after testing the stable resistance at 34185 and failing to penetrate it. We notice that it sneaked below the moving average of 50, incurring clear losses by touching the level of 33832 approximately.
Let us favor the downward trend during the coming period, as breaking 33832 will facilitate the task for the price to reach 33600 and 33450.
Therefore the downtrend scenario will be remain valid and effective during coming period , taking into account that stabilized above 34185 will put the pressure on the price to rise up . for reminder our target will be active when price can stable under 33832. also it possible to do a retest to 34000 and then drop.
The expect range trading for today it will be between the resistance line 34185 and support line 34600 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34000 , 34185
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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