Hello everyone,
Dow Jones 4H NEW FORECAST
Yesterday, the index price succumbed to the negative pressures resulting from the decline of the Stochastic indicator below the 50 level, forcing it to sneak below the additional support centered near 38545, thus announcing the postponement of the upward path, and we noticed that it incurred major losses when it touched the 37800 level.
Currently, with the 55 moving average forming an additional barrier by settling near 38300, this increases the chances of the price resuming the negative attempts, so we expect it to soon be attracted towards 37680. While restoring the upward bias, this requires the price to provide a positive close above the 3700 level, which will enable it to form strong upward waves and target many... Of the positive stations, they started at 38780 and 38970, respectively.
Dow Jones 4H NEW FORECAST
Yesterday, the index price succumbed to the negative pressures resulting from the decline of the Stochastic indicator below the 50 level, forcing it to sneak below the additional support centered near 38545, thus announcing the postponement of the upward path, and we noticed that it incurred major losses when it touched the 37800 level.
Currently, with the 55 moving average forming an additional barrier by settling near 38300, this increases the chances of the price resuming the negative attempts, so we expect it to soon be attracted towards 37680. While restoring the upward bias, this requires the price to provide a positive close above the 3700 level, which will enable it to form strong upward waves and target many... Of the positive stations, they started at 38780 and 38970, respectively.
