Hello everyone,
Dow Jones 4H NEW FORECAST
Yesterday, the index price was affected by US economic data, forming a temporary positive bounce to test the resistance at 38525, then returning to stability below the 55 moving average axis centered at 38220
We expect the price to activate a negative attack by remaining below the mentioned resistance, initially targeting the 37890 level, which currently constitutes an obstacle to bearish trading, and by breaking it, it may begin targeting new negative stations that may extend towards 37700 and 37570.
Between support 37700 and resistance 38220.
Dow Jones 4H NEW FORECAST
Yesterday, the index price was affected by US economic data, forming a temporary positive bounce to test the resistance at 38525, then returning to stability below the 55 moving average axis centered at 38220
We expect the price to activate a negative attack by remaining below the mentioned resistance, initially targeting the 37890 level, which currently constitutes an obstacle to bearish trading, and by breaking it, it may begin targeting new negative stations that may extend towards 37700 and 37570.
Between support 37700 and resistance 38220.
