Arazmajeed

US30 4H : Stabilized above 35494 will rise up again

Long
Arazmajeed Updated   
OANDA:US30USD   US Wall St 30
US30

New forecast

The index price rose and renewed its positive attempts by rushing towards 35494 yesterday, trying to get rid of the effect of the downward corrective path and move to the next positive stage. The price is required to provide a new positive close above the 35494 level in order to soon target the 35650 level, reaching the recently achieved peak that is stable at approximately 35870.

Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , but to confirm the bullish trend should stable above 35494 level and then our targets will be active , taking into account that failure to stabilized above 35494 will force the price to drop again and visit to previous broken areas .

The expect range trading for today it will be between the resistance line 35650 and support line 35400 until stabilized .

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

support line : 35400 , 35257
resistance line : 35494 , 35650

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Trade closed: target reached:

US30

UPDATE

The price perfectly fulfills my last idea and price reached to our first target +130 pip.

The index price began to form a new positive creep, thus maintaining its stability above 35494, confirming its readiness to resume the main upward attack, currently touching the 35650 level , waiting for breach the 35650 level to reach 35870 level .

Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up. taking into account that failure to breach 35650 level will force the price to return to test the support zone at 35494 level and stabilized under 35400 will end the uptrend in the immediate term .

The expect range trading for today it will be between the resistance line 35650 and support line 35400 until stabilized .

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

support line : 35494 , 35400
resistance line : 35650 , 35870

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:

US30

Update

The price perfectly fulfills my last idea and price reached to our second targets +270 pip and still running .

The index price rose yesterday, bringing it to the previous suggested targets and 36055, increasing the positive momentum towards the resistance extending towards 36200 and extending to 36580.

Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 , but right now it will be forced to show some negative correction waiting for collect positive momentum and resume the bullish trend again

The expect range trading for today it will be between the resistance line 36200 and support line 35494 until stabilized .

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

support line : 35870 , 35494
resistance line : 36200 , 36580

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
US30


The price perfectly fulfills my last idea and price reached to our first target +260 pip and still running .
Trade closed: target reached:

US30

New forecast

The price perfectly fulfills my last idea and price reached to our targets +260 pip.

The price of the index rose and reached our targets at 36260, and it ended its recent upward push by reaching our target. This hindered the chances of achieving additional gains, forcing it to form a sideways fluctuation near 36100.

Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up so We expect the price to be affected now by more sideways trading until it achieves a breach of the 36260 level to enabling it to resume the upward attack and reach towards 36580 and 36700 levels . taking into account that stabilized under 35870 level will force the price to start a negative correction before any new higher .

The expect range trading for today it will be between the resistance line 36580 and support line 35870 .

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

support line : 35870 , 35494
resistance line : 36260 ,36580

Attention : We don't have any group in telegram be careful about scammer

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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