USNAS100 (Bullish Possibility after correction!!!)
Updated
Technical Analysis
the price reached around the resistance line and dropped to touch its support line, and again reversed so now the price is still above the support line,
the price reached around the resistance line and dropped to touch its support line, and again reversed so now the price is still above the support line,
- Bullish Scenario: As long as the price remains above 18435, it is likely to reach 18,735 and potentially 18,820.
- Bearish Scenario: A stabilization below 18435 would suggest a bearish trend, targeting 18235 and 18150.
Pivot Line: 18435
Resistance Levels: 18650, 18820, 18940
Support Levels: 18250, 18140, 17880Today's range is expected to be between the support at 18235 and the resistance at 18940.
Comment
The price moved well as we mentioned,So still running to get 18735
The movement range will be between 18435 and 18820 till breaking
Trade closed: target reached
As we mentioned, the price is moving towards 18735, and has now reached this resistance, if it stabilizes above 18735, it will move towards the 18815 resistance level.However, trading below the 38735 level moves between this level and the 18435 level.
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