Hello everyone,
US30 4H NEW FORECAST
The index price continued to form new positive waves, thus postponing the downward corrective path due to its repeated stability above the additional support centered near 38792 .
Also, trying to present the Stochastic indicator of positive momentum with its stability near the 80 level will increase the chances of the price forming new ascending waves. We expect it to soon attack the resistance of the ascending channel extending towards 38983 , which by exceeding it will confirm its move to a new ascending path to initially target the stable psychological barrier at 39285.
US30 4H NEW FORECAST
The index price continued to form new positive waves, thus postponing the downward corrective path due to its repeated stability above the additional support centered near 38792 .
Also, trying to present the Stochastic indicator of positive momentum with its stability near the 80 level will increase the chances of the price forming new ascending waves. We expect it to soon attack the resistance of the ascending channel extending towards 38983 , which by exceeding it will confirm its move to a new ascending path to initially target the stable psychological barrier at 39285.
