US30 4H collides with the moving average

Evar_Mayi Updated   
EIGHTCAP:US30   Dow Jones Industrial Average Index

stabilizing prices above 33884 will support raising to touch 342111 and 34289 ,34439

if the price stable under 33884 then the movement will be between 33673 and 33500

Pivot Price:33884
Resistance Price: 342111 & 34289 & 34439
support price: 33673 & 33500 & 33264

timeframe: 4H
Trade active:
The index price failed to exceed the 55 moving average axis centered at 34300, forcing it to postpone the upward attack and begin forming strong negative waves, thus sneaking below the initial stable support at 33884, as shown in the attached drawing.

The price may currently be forced to form more negative trades due to the decline of the Stochastic indicator below the 50 level. Let us note that its infiltration soon below 33673 may force it to incur additional losses that may extend towards 33500 and reach towards 33264 .


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