US30 4H (will face two scenarios)

US30

OUTLOOK

US stock index futures rose slightly, on the sidelines of pre-session trading, on Wednesday

Currently, the price trade at the sensitive zone between 34915 - 35050
so the Dow Jones will face two scenarios

first , consolidation under 34915 it will help the price to lose more points and start a negative attacks to reach the next support line 34631 and it can go a little further 34437

second, consolidation above 35050 it will help the price to rise up again and visit the previous broken areas 35170 and above that 35335

Today news will affect the market additionally today New York seasons

support line : 34915 34631
resistance line : 35050 , 35335

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Note

as we mentioned , stabilized under 34915 will help the price to lose more points and will start a negative attacks and already price lost about 100 pip

now , we expect the price will be continue at the bearish trend especially under 34630 and the the price will reach the next support line 34437 level

today news will affect the market

Trade closed: target reached

Note

US30

as we mentioned ,we expect the price will be continue at the bearish trend especially under 34630 and the the price will reach the next support line 34437 level
and already reached

Now , as long as price trade under 34437 the price will be continue at the bearish trend and lose more and more points to reach 34242 and under that 34100

Arazmajeed

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Arazmajeed

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