Arazmajeed

USNAS100 4H : under 14910 support further decline

Short
OANDA:NAS100USD   US Nas 100
USNAS100

New Forecast

The price perfectly fulfills my last idea and price reached to our target +220 pip .
Its clear price ended its clear bearish correction to offer a close below the support 14910, completing its formation for some time for a specific reason for its stability near 14822, declaring that we will stick to it with a simple bearish bias until this moment.

Therefore the downward trend scenario will be remain valid and effective as long as price trade below the resistance zone and will help the price to reach 14663 and 14582 again ,Taking into account that breaching and stabilized above 14910 will postponed the decline .

The expect range trading for today it will be between the resistance line 14910 and support line 14663 until stabilized

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

support line : 14663 , 14582
resistance line : 14822, 14910

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