US30 4H repeats pressure on additional resistance

8 нояб. 2023 г.

The proposed scenario for nearby trading depends on the stability of the current resistance. With its stability, we expect the price to renew the downward corrective attack, thus targeting the 33989 and 33701 levels, respectively. While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526 .

Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049


The expected general trend for today: bearish with resistance remaining intact