Hello everyone,
Dow jones 4H NEW FORECAST
The price of the index was affected by the stability of the 55 moving average axis near the additional barrier represented by the level of 38250, which increases the negative pressure on its current trading, and we remain in our bearish expectation until it attacks the next stable support at 37710, which by breaking it, it will be forced to incur additional losses that may extend towards 37550 and reach about 37295 in the medium-term trading.
The bearish expectation is until the next support at 37710 is attacked
Incurring additional losses if the support is broken
Also, the continued fluctuation of the Stochastic indicator near the 20 level will facilitate the task of the price gathering the additional negative momentum required to stimulate the negative path and reach the negative stations suggested previously.
The expected trading range is between 38100 and 37710
Dow jones 4H NEW FORECAST
The price of the index was affected by the stability of the 55 moving average axis near the additional barrier represented by the level of 38250, which increases the negative pressure on its current trading, and we remain in our bearish expectation until it attacks the next stable support at 37710, which by breaking it, it will be forced to incur additional losses that may extend towards 37550 and reach about 37295 in the medium-term trading.
The bearish expectation is until the next support at 37710 is attacked
Incurring additional losses if the support is broken
Also, the continued fluctuation of the Stochastic indicator near the 20 level will facilitate the task of the price gathering the additional negative momentum required to stimulate the negative path and reach the negative stations suggested previously.
The expected trading range is between 38100 and 37710
