US30 4H: tries to reach 34400
US30
OUTLOOK
Technical abstract:
The price perfectly fulfills my las idea and reached to our targets .
The index price failed to remain stable for a long time above the 35050 level. We noticed the recent formation of a bearish corrective bounce, thus touching the 34600 level, declaring a temporary postponement of the previously expected upward push. Also, the conflict of the main indicators confirms the dominance of the sideways tendency in the current period’s trading.
Now ,consolidation under 34600 will help the price to build a negative momentum to reach 34400 and then rise up again and visit the previous broken area ,
for reminder , stabilized above 34735 will start the bullish attacks.
support line : 34400 , 34300
resistance line : 34735 , 34885
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 las idea and reached to our targets .
The index price failed to remain stable for a long time above the 35050 level. We noticed the recent formation of a bearish corrective bounce, thus touching the 34600 level, declaring a temporary postponement of the previously expected upward push. Also, the conflict of the main indicators confirms the dominance of the sideways tendency in the current period’s trading.
Now ,consolidation under 34600 will help the price to build a negative momentum to reach 34400 and then rise up again and visit the previous broken area ,
for reminder , stabilized above 34735 will start the bullish attacks.
support line : 34400 , 34300
resistance line : 34735 , 34885
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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Feragatname
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