USNAS100 4H : New forecast
Diupdate
USNAS100
New forecast
The price perfectly fulfills my last idea but didn't reach to our target .
the index price presented some additional negative trades at the past week , touching the 14250 level, affected by the dominance of the bearish bias, which is currently based on the 14378 level continuing to form the additional barrier.
Therefore the downward scenario will be remain valid and effective supported by Moving average 50 continues to support the expected downward trend ,so We expect the price to currently form some sideways fluctuation until it gathers additional negative momentum to enable it to form more bearish waves to sneak through below 14192, and then let us wait for it to reach the next main target stable at 14070 and 13987.taking into account that stabilized above 14378 will postponed the bearish waves and support the price to rise up in the mid term .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 14250 , 14192
resistance line : 14378 , 14507
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 but didn't reach to our target .
the index price presented some additional negative trades at the past week , touching the 14250 level, affected by the dominance of the bearish bias, which is currently based on the 14378 level continuing to form the additional barrier.
Therefore the downward scenario will be remain valid and effective supported by Moving average 50 continues to support the expected downward trend ,so We expect the price to currently form some sideways fluctuation until it gathers additional negative momentum to enable it to form more bearish waves to sneak through below 14192, and then let us wait for it to reach the next main target stable at 14070 and 13987.taking into account that stabilized above 14378 will postponed the bearish waves and support the price to rise up in the mid term .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 14250 , 14192
resistance line : 14378 , 14507
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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