USNAS100 4H : tries to breaching the support line

USNAS100

OUTLOOK


The index price failed to confirm its breach of the stable barrier at 15615. We notice that it is currently activating the downward corrective path, incurring some losses by sneaking towards 15182.

Technical abstract :

As we notice that the price shows some bearish tendency after failed to stabilized above 15615 and now try to break an important support 15182 level ,
so now consolidation below that level will support the price to lose more points and build a negative momentum to reach 15083 and 14985

for reminder , stabilized above 15262 will stop the bearish scenario .

Additionally , today New York session will affect the market .


support line : 15182 , 15083
resistance line : 15262 , 15349

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget
Technical IndicatorsSupport and ResistanceTrend Analysisusnas100

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