US30 - OUTLOOK
Hello everyone,
Dow Jones 4H NEW FORECAST
Yesterday, the index price succeeded in resuming the upward attack, taking advantage of the formation of the 38800 level of the neck level of the inverted two-peak pattern, which in turn confirms the dominance of the bullish scenario. We noticed that it achieved some positive goals by reaching about 39100.
We would like to note that an attempt to exit the Stochastic indicator from the overbought level may force the price to form some mixed trades before resuming the upward attack, which increases the chances of it testing the 38920 and 38800 levels before reaching any new positive target. As for the price’s success in gaining positive momentum during the current period, it will facilitate The task of forming new ascending waves is to wait for it to attack the next stable target at 39260, reaching towards 39660 during the intermediate period.
Expected trading range
Between support 38850 and resistance 39120.
Trend forecast: Volatile within the rising path
Dow Jones 4H NEW FORECAST
Yesterday, the index price succeeded in resuming the upward attack, taking advantage of the formation of the 38800 level of the neck level of the inverted two-peak pattern, which in turn confirms the dominance of the bullish scenario. We noticed that it achieved some positive goals by reaching about 39100.
We would like to note that an attempt to exit the Stochastic indicator from the overbought level may force the price to form some mixed trades before resuming the upward attack, which increases the chances of it testing the 38920 and 38800 levels before reaching any new positive target. As for the price’s success in gaining positive momentum during the current period, it will facilitate The task of forming new ascending waves is to wait for it to attack the next stable target at 39260, reaching towards 39660 during the intermediate period.
Expected trading range
Between support 38850 and resistance 39120.
Trend forecast: Volatile within the rising path
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