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.
[table id=50 /]
