US30
OUTLOOK
Technical abstract :
The price perfectly fulfills my last idea and reached to our first target .
The index price not only tested the support of the ascending channel extending towards 34400, providing a negative signal by creeping in yesterday towards 43340, trying to confirm its exit from the upward path. . This calls us to suggest it will form strong negative waves that may push it to reach it soon. Towards 33910 and then to put pressure on the additional stable support at 33692 with the aim of finding an outlet to resume negative attempts in trading for the coming period.
so the main condition to be continue at the bearish trend is stabilized under 34043 and then our target will be valid ,and above 34043 its possible to retest to 34300 and then drop.
Additionally ,Today New York sessions will affect on the Indices .
support line : 34043 , 33910
resistance line : 34300 , 34400
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Technical abstract :
The price perfectly fulfills my last idea and reached to our first target .
The index price not only tested the support of the ascending channel extending towards 34400, providing a negative signal by creeping in yesterday towards 43340, trying to confirm its exit from the upward path. . This calls us to suggest it will form strong negative waves that may push it to reach it soon. Towards 33910 and then to put pressure on the additional stable support at 33692 with the aim of finding an outlet to resume negative attempts in trading for the coming period.
so the main condition to be continue at the bearish trend is stabilized under 34043 and then our target will be valid ,and above 34043 its possible to retest to 34300 and then drop.
Additionally ,Today New York sessions will affect on the Indices .
support line : 34043 , 33910
resistance line : 34300 , 34400
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
As we expect the price under sell pressure and now price reached to the support line 34043 so to confirm the bearish trend should stable under it and then will drop