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ElenaMayi
Apr 25, 2024 9:53 AM

US30 Downward in 4h timeframe Short

Wall Street 30 CashEightcap

Description

US30

Breaking the 38540 level is apparently not easy as the price tried to break it several times before but failed to do so, the price will continue to drop this resistance until the 38130 level. Also, if the price can stay below the support of 38130 we will reach the level of 37840, In order for the Dow Jones to remain positive and break over the 39030 barrier, it is imperative that the 38540 level be broken and stabilized above it.

Be aware that the market is very volatile due to the announcement of earnings results


Tendency: Short 38540
Target station: (38130, 37840, 37620).

Comment

reached our target with + 268 pip, now the price trading under support of 38150. if can stabilize under it, reaching 37840 will be possible.
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