Market Reversal Levels ,Week of Oct 05 2015

Reversal 65987

1- These levels are strong support and resistance levels on 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- 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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