USNAS100 4H is testing resistance
The index price ended the upward corrective impulse by testing the pivotal resistance currently extending towards 14864, which constitutes a strong obstacle in front of it, forming a negative rebound towards 14985, as is clear in the attached drawing.
We expect the previously mentioned resistance to remain stable. With the Stochastic indicator to exit the overbought level, the price will begin to form strong negative trades to initially target the 14730level, while breaching the resistance and holding above it will confirm that the price has moved to the upward path by stabilizing again within the axes of the ascending channel to begin targeting more positive stations,
The expected general trend for today: is bearish with resistance remaining intact
Pivot Price: 14864
Resistance prices: 14985 & 15147 & 15257
Support prices: 14730 & 14608 & 14461
We expect the previously mentioned resistance to remain stable. With the Stochastic indicator to exit the overbought level, the price will begin to form strong negative trades to initially target the 14730level, while breaching the resistance and holding above it will confirm that the price has moved to the upward path by stabilizing again within the axes of the ascending channel to begin targeting more positive stations,
The expected general trend for today: is bearish with resistance remaining intact
Pivot Price: 14864
Resistance prices: 14985 & 15147 & 15257
Support prices: 14730 & 14608 & 14461
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