US30
New forecast
The price perfectly fulfills my last idea and price reached to our target +250 pip .
The index price has recently continued to form weak sideways trades affected by the stability of the barrier represented by the 35400 level, which in turn hinders the chances of resuming the main upward attack. We expect that the price is trying to form some bearish corrective waves, which in turn may target the first additional support stable at 35100.
Therefore the negative correction will be more likely during coming period ,As for the price’s success in penetrating the 35400 barrier and holding above it, this will open the door to resuming the upward attack to reach 35650 level.
The expect range trading for today it will be between the resistance line 35400 and support line 35107 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 35257 , 35107
resistance line : 35400 , 35494
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and price reached to our target +250 pip .
The index price has recently continued to form weak sideways trades affected by the stability of the barrier represented by the 35400 level, which in turn hinders the chances of resuming the main upward attack. We expect that the price is trying to form some bearish corrective waves, which in turn may target the first additional support stable at 35100.
Therefore the negative correction will be more likely during coming period ,As for the price’s success in penetrating the 35400 barrier and holding above it, this will open the door to resuming the upward attack to reach 35650 level.
The expect range trading for today it will be between the resistance line 35400 and support line 35107 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 35257 , 35107
resistance line : 35400 , 35494
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30
Update
The index price has not moved anything since yesterday's trading by introducing new sideways trades, thus maintaining its stability below the barrier centered at 35400.
Therefore as long as price trade under that zone the chance of negative correction will be more likely and the scenario for the current period depends on the barrier. We expect that, with its stability, the price will begin to form some bearish corrective trades, targeting the level of 35107, while the rush of trading above the barrier and the price presenting a positive close will open the door for it to record new gains that may start from 35680 and 35840 level .
The expect range trading for today it will be between the resistance line 35400 and support line 35107 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 35257 , 35107
resistance line : 35400 , 35494
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Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️