USNAS100 4H : Outlook

Updated
USNAS100

New forecast

Despite the index price's attempt yesterday to form an upward corrective rebound and its push towards 14760, the negativity of the 50 moving average pushed it to fall again below the stable resistance at 14822, thus confirming its surrender to the control of the previously suggested bearish bias.

The price currently needs new negative momentum to start forming new bearish waves. We expect it to attack the 14650 level first, and by breaking it and stabilized under it , the losses will extend towards 14582, which in turn constitutes the first main target for negative trading. keeping in mind that breach and stabilized above 14760 will postponed the bearish attempts and will help the price to rice up and reach 14822 at first .

The expect range trading for today it will be between the resistance line 14822 and support line 14582 .

Additionally Today ,New York sessions and earnings of companies will affect on the Indices .

support line : 14650, 14582
resistance line : 14760 , 14822

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Trade closed: target reached
USNAS100

UPDATE

The price perfectly fulfills my last idea and price reached to our target +140 pip

Now it is possible to rebound from the support zone .
Technical IndicatorsSupport and ResistanceTrend Analysisusnas100usnas100nasdaqusnass100

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