Market Reversal Levels ,Week of Aug 03 2015

Reversal -65987

1- Those levels are strong support and resistance levels on short /medium 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- Overbought Zone : is (50 pips below resistance) + (50 pips above resistance) .

5- Oversold Zone :  is (50 pips above support) + (50 pips below support).

4- Some levels are valid for several weeks.(It depends on market moves).

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

6- Recommended time frame , Daily and below.

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