Arazmajeed

USNAS100 4H : downtrend under 14190

Short
Arazmajeed Updated   
OANDA:NAS100USD   US Nas 100
USNAS100

New forecast

The price perfectly fulfills my last idea and price reached to our targets +400 pip .


The index price confirmed that it was affected by the dominance of the bearish tendency by recently presenting negative closings below the resistance extending towards 14507. We note that it formed a strong negative attack yesterday, thus achieving many negative goals by reaching towards 14255.

The moving average 50 supports the price to decline further, in turn providing additional negative momentum to invite us to prefer more negative trading with its decline below 14190, and then to try to reach additional stable support at 13980.keeping in your mind that is possible to do a retest to 14378 and then drop and our downward targets will be activate when price stabilized under 14190.

The expect range trading for today it will be between the resistance line 14378 and support line 13980 .

Additionally Today ,New York sessions and earnings of companies will affect on the Indices .

support line : 14190 , 13980
resistance line : 14378 , 14507

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

USNAS100

New forecast

The price perfectly fulfills my last idea and we get about +300 pip .

In yesterday's trading, the index price touched the 14070 level and then quickly rebounded towards 14250, trying to catch its breath before resuming the main downward attack. We will now rely on trying to form the 14378 level for the additional barrier, to increase the chances of the price renewing the negative attack to creep back below the 14200 level, and then let us wait. It reaches the next main stable target at approximately 14070 and 13980.

Therefore the downward scenario will be remain valid and effective , taking into account that breach and stabilized above 14378 will postponed the bearish attempts .
The expect range trading for today it will be between the resistance line 14378 and support line 13980 .

Additionally Today ,New York sessions and earnings of companies will affect on the Indices .

support line : 14190 , 14070
resistance line : 14378 , 14507

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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