Hello traders,With its recent negative attack, the index price touched the second negative target by reaching around 33014. This constituted an obstacle to the negative attempts and forced it to form a temporary corrective bounce to currently settle near 33140.
We point out that the continued presentation of the main indicators of negative momentum will confirm the attempt to activate the price for a negative attack again, thus maintaining its stability below the stable barrier at 33040 . Let us wait for it to achieve breaking the 32942 level, to open the door to reaching the additional negative stations represented by the 32795 and 32660 levels, respectively.
Pivot Price: 33040
Resistance Price: 33140 & 33331 & 33522
support price: 32942 & 32795 & 32660
The general trend expected for today: bearish with the breakout achieved
timeframe: 4H
We point out that the continued presentation of the main indicators of negative momentum will confirm the attempt to activate the price for a negative attack again, thus maintaining its stability below the stable barrier at 33040 . Let us wait for it to achieve breaking the 32942 level, to open the door to reaching the additional negative stations represented by the 32795 and 32660 levels, respectively.
Pivot Price: 33040
Resistance Price: 33140 & 33331 & 33522
support price: 32942 & 32795 & 32660
The general trend expected for today: bearish with the breakout achieved
timeframe: 4H
