Market Reversal Levels ,Week of 21 Oct 2013

Reversal -65987

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……..

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MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

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