Market Reversal Levels ,Week of 30 Dec 2013

1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.

2- If the market rallies into resistance levels , a sell-off is expected.

3- If the market sells-off into support levels, a rally up is expected.

4-I highly recommend using divergences techniques, to find possible turning point during the week!

5- The recommended time frame , the 1 hour and below.

6- In trending market, to find additional levels , for example,If we wanna find R4 for EURUSD pair , we take the difference between R2 & R3 , then we add it to R3 , the result would be R4 ….and so on……..

Market Reversal Levels ,Week of 30 Dec 2013

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Tags: Levels, Reversal

Comment by Davaanyam on December 31, 2013 at 5:42am
Comment by Haitham653 on December 31, 2013 at 7:20am

Thanks Davaanyam ..

Happy New Year......

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