US30 repeats positive closes
Hello everyone,
Dow Jones 4H NEW FORECAST
Yesterday, the index price presented some sideways fluctuation by positioning itself near 37675, trying to gather more positive momentum to enhance the chances of it resuming the previously awaited upward attack. Likewise, repeated stability above the additional stable support at 37380 supports our bullish bias to remain to wait for the price to move soon toward the stable target at 37935, reaching toward resistance. The ascending sub-channel extends towards 38140.
We reiterate that the price's attempt to sneak below the additional support mentioned previously and hold below it will increase the chances of activating the downward corrective path to begin targeting many negative stations by being drawn towards the 37100 and 36830 levels, respectively.
The general trend expected for today: bullish with stable support
Dow Jones 4H NEW FORECAST
Yesterday, the index price presented some sideways fluctuation by positioning itself near 37675, trying to gather more positive momentum to enhance the chances of it resuming the previously awaited upward attack. Likewise, repeated stability above the additional stable support at 37380 supports our bullish bias to remain to wait for the price to move soon toward the stable target at 37935, reaching toward resistance. The ascending sub-channel extends towards 38140.
We reiterate that the price's attempt to sneak below the additional support mentioned previously and hold below it will increase the chances of activating the downward corrective path to begin targeting many negative stations by being drawn towards the 37100 and 36830 levels, respectively.
The general trend expected for today: bullish with stable support
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