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No change in levels or trend. 1.1500 is very important for deciding the next trend. Present trend is down but the moment it closes above 1.1500 a short term bottom and a reversal in the trend will be indicated.
Major trend remains down and sell on rallies is the strategy for positional traders till it closes above 1.1860 convincingly. The levels given below are only for positional trading and are very important on closing basis.
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MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1.1200/1.1120/1.1075
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1500/1.1625/1.1780/1.1800/1.1860 / 1.2000
Big sell off in Dow after it broke below crucial support 24000. I clearly warned that bulls should worry once it closes below 23950. It lost more than 1500 points in a very short span of time.Trend is now sell on rise.Now bulls have the last hope left only if Dec low is maintained. If there is no new low in Jan 2019 on closing basis then it can bottom out here or else a big bear market is not ruled out.
Follow the levels given below to create your own trading plan. These levels are very important on closing basis.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 22300-21950-21350-21150-20770-20100
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 23500-23900-24100-24300-24850-25100-25550-26000-26300
10550 Gann support is still holding.. No change in Both major and minor trends. They both are down and it will remain so till it closes above 11200. Follow the levels given below and create your own trading plan. These levels are very important on closing basis.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE 10550-10330-10170
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::10850-11000-11350- 11700-11900-12150-12360
As told to get ready for either side breakout and see below 49 support it collapsed to 45 support immediately. Weakness is increasing day by day but avoid going short at lower levels. Keep sell on rallies strategy.Both major and minor trends are down as of now.
Follow the levels given below and create your own trading plan. These levels are very important on closing basis.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 45-43.6-42-39-37.5-35
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 50-55.5-58.6-60.5-63.2- 66.3-68-70
1236 Gann support worked nicely and good rally was witnessed from exactly that level to next Gann resistance near 1266.Next. Any close above 1270 will indicate big strength.Follow the Gann levels given below and create your own trading plan.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1236-1225-1215-1195- 1180-1153-1120-1045
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1270-1280-1298-1310
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