US30 testing the barrier
Hello everyone,
Dow Jones 4H NEW FORECAST
Yesterday, the index price formed a strong upward corrective rebound, taking advantage of the formation of the 37950 level as strong support
We noticed that it compensated for some losses by reaching the barrier positioned near 38680 and stabilizing below it.
The continued stability below this barrier supports our negative expectation for the near and medium trades.
We expect the price to accumulate negative momentum during the current period and form strong bearish waves to first target the 38220 level and then to repeat attempts to pressure the main support mentioned previously.
Expected trading range
Between support 38220 and resistance 38680 .
Dow Jones 4H NEW FORECAST
Yesterday, the index price formed a strong upward corrective rebound, taking advantage of the formation of the 37950 level as strong support
We noticed that it compensated for some losses by reaching the barrier positioned near 38680 and stabilizing below it.
The continued stability below this barrier supports our negative expectation for the near and medium trades.
We expect the price to accumulate negative momentum during the current period and form strong bearish waves to first target the 38220 level and then to repeat attempts to pressure the main support mentioned previously.
Expected trading range
Between support 38220 and resistance 38680 .
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