Arazmajeed

US30 4H : Uptrend above 33767

Long
Arazmajeed Updated   
OANDA:US30USD   US Wall St 30
US30

New forecast

The index price remains stable until this moment within the temporary side path represented by the additional stable support at 33600, while the 34020 level continues to form a strong barrier to the attempt to restore the upward bias, forcing it to offer sideways trades with its stability near 33767.


We will currently remain neutral until the price succeeds in breaking free from the sideways path. We should remember that its push above the barrier will open the door for it to form strong bullish waves that may extend first towards 34020 and 34306. As for its infiltration below the 33600 level and presenting it to a negative close, this will force it to incur more losses.

The expect range trading for today it will be between the resistance line 34020 and support line 33600 until stabilized .

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

support line : 33600 , 33452
resistance line : 33767 , 34020

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:

US30

New forecast

The price perfectly fulfills my last idea and price reached to our first target + 250 pip and still activity .

Yesterday, the index price formed some upward waves, putting pressure on the stable barrier near 34020 with the aim of finding an outlet to activate the upward attack. We noticed that it touched the level of 34020 and then rebounded directly towards 33895.



We will now rely on trying to form the 33767 level for new support, adding the 50 moving average to support the continuation of the rise, to increase the chances of confirming the price’s breach of the 34020 level, and then to begin targeting the stable positive stations near 34306 and 34400, respectively. Taking into account that stability below 33767 will end the rise tries .

The expect range trading for today it will be between the resistance line 34020 and support line 33767 until stabilized .

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

support line :33767 , 33600
resistance line : 34020 , 34306

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:
US30

UPDATE

The price perfectly fulfills my last idea and price reached to our target + 200 pip and still running .

Now , to be continue at the bullish trend the price should stable above 34020 and then will reach the second target .
Trade closed: target reached:

US30

New forecast

The price perfectly fulfills my last idea and price reached to our first target + 200 pip .

Yesterday, the index price approached the first positive target by reaching around 34150, facing the resistance area, which currently constitutes an additional obstacle to upward attempts, forcing it to form a temporary negative rebound by settling near 33920.

We would like to note that the stability above the level of 33767, and 33880, which continues to form additional support, calls us to adhere to the previously suggested upward weighting. It will also increase the chances of the price gathering the additional positive momentum required to overcome the current obstacle 34052 and reach additional positive stations that may extend towards 34148, and by crossing it, it will continue to the 34306 level. keeping into account that breaching 33880 will put the price under sell pressure and will postponed the upward .


The expect range trading for today it will be between the resistance line 34148 and support line 33767 until stabilized .

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

support line : 33880 , 33767
resistance line : 34052 , 34148

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.