USNAS100 4H :Try to drop

Updated
USNAS100

New forecast

The index price announced the postponement of the upward push by creeping in yesterday below the additional stable support at 15852, incurring some losses, making the bearish trend likely during the coming period. our targets will starts at 15538, and by breaking it, it will reach 15356 in the near future.

Therefore the downward scenario will be remain valid and effective supported by moving average that is start to support the price to decline To suggest more negative trading in the near future,taking into account that stabilized above 15852 put the price under buy pressure again .

The expect range trading for today it will be between the resistance line 15852 and support line 15538 until stabilized .

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

support line : 15538 , 15356
resistance line : 16852 , 16112

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USNAS100

Update

The index price rose yesterday, despite the formation of a bullish wave and settled below the 15852 level, but this will not enable it to renew the main upward path due to repeated stability below the barrier centered at 16112.

Therefore we still prefer the downward scenario for the coming period ,we will wait for the price to succeed in gathering negative momentum, to facilitate the task of activating the downward corrective path. our targets will starts at 15538, and by breaking it, it will reach 15356 in the near future. but to confirm the bearish trend should stable under 15852 and then our targets will be activate .


The expect range trading for today it will be between the resistance line 16112 and support line 15538 until stabilized .

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

support line : 15852 , 15356
resistance line : 16112 , 16285

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Technical IndicatorsSupport and ResistanceTrend Analysisusnasusnas100usnas100nasdaqusnass100

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