USNAS100 repeats the oscillation near the barrier

Hello everyone,

USNAS100 4H NEW FORECAST

The price of the index remains stable near the barrier currently represented at the 16940.00 level, trying to find an outlet to resume the previously suggested upward attack. We notice that the Stochastic indicator is currently exiting the overbought level, increasing the chances of the price forming a temporary sideways fluctuation until it gathers additional positive momentum, to facilitate the task of confirming the breakthrough, and then let us wait. Achieving new historical gains that may start from 17100.00 and 17260.00, respectively.



The risk of changing the upward trend for the current period lies in the price trying to break the additional support extending towards 16780.00, which confirms the start of the downward corrective path, forcing it to incur many losses by first being attracted towards 16675.00 and 16565.

The general trend expected for today: bullish with the breakthrough