Arazmajeed

USNAS100 4H : Support further rise up

Long
OANDA:NAS100USD   US Nas 100
USNAS100

New forecast

The price perfectly fulfills my last idea and price reached to our second target + 100 pip .


The index price rose and reached to our targets, and the price was forced to be under repeated positive pressures, to form a strong upward rally, exceeding the level of 15063 to continue again within the upward trend. waiting for breaching the resistance line 15182 and then will reach 15267 an by breaching and stabilized above it will It will make the task easier in front of the price to rise up and reach to 15356.

Therefore the uptrend scenario will be remain valid during coming period supported by moving average 50, taking into account that breach and stabilized under 15063 will force the price to provide the negative correction before any positive impulse.

The expect range trading for today it will be between resistance line 15267 and support line 15063 until stabilized .

Additionally Today ,New York sessions will affect on the Indices .

support line : 15063 , 14910
resistance line : 15182 , 15267

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️

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.