close under 34500 in 4h or daily could be bad for market :
1. the market might retest the 33500 area in 4h (a pul back to 30 level in rsi )
2. if we lost 30 level in rsi in daily time frame we will see the massive sell out.
3. also we have the rsi 50 support in weekly chart(if we close uder rsi 30 in daily time frame the market will lose that too)
4.33000 to 33600 are the decision making area for weekly chart and if we lost 33000 . 30000 is the next stop
CURRENCYCOM:US30
US30
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1. the market might retest the 33500 area in 4h (a pul back to 30 level in rsi )
2. if we lost 30 level in rsi in daily time frame we will see the massive sell out.
3. also we have the rsi 50 support in weekly chart(if we close uder rsi 30 in daily time frame the market will lose that too)
4.33000 to 33600 are the decision making area for weekly chart and if we lost 33000 . 30000 is the next stop
CURRENCYCOM:US30
US30
US30