Arazmajeed

US30 4H : After retested now try to drop

Short
OANDA:US30USD   US Wall St 30
US30

New Forecast

The price perfectly fulfills my last idea and price reached our target +230 pip.

In yesterday's trading, the index price touched the level of 32890 and then rebounded in a corrective manner towards 33155, trying to catch its breath before resuming the main bearish attack again. We will now rely on the stability of the additional barrier stable at 33250 and to emphasize the importance of the price accumulating additional negative momentum to facilitate the task of activating the downward path to target. Soon to the level of 32890, and by breaking this obstacle, losses may extend towards 32700 in medium-term trading.

We reiterate that the price's attempt to exceed the additional barrier mentioned previously and hold above it will confirm its readiness to resume the upward corrective attempts. We expect it to be attracted towards 33452 and then begin activating the main bearish path.

The expect range trading for today it will be between the resistance line 33251 and support line 32890 until stabilized .

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

support line : 32890 , 32700
resistance line : 33251 , 33452

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.