How To USE ?!!!
1- Those are strong support and resistance levels in the short /medium term, the market usually respects these 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- 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-In bullish market: Support level should bring strong rebound…
7-In bearish market: Resistance level should bring fall resumption…
8-In sideways market: We should witness strong support and resistance levels…
9- Recommended Timeframe: Daily chart and below.