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Once again it faced resistance near 1.1500 and corrected from there . 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
So far 21713 is Dec low and it looks like that a short term bottom is in place. So keep buy on dips strategy now till Dow closes below 21650 convincingly. So Dow is at very crucial juncture. It is a matter of life and death for bulls and they will put all their efforts in maintaining Dec low.
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:: -21700-21350-21150-20770-20100
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 23500-23800-24100-24350-24850-25100-25550-26000-26300
Dax is falling continuously as already told that 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 10140-10050-9650-9500
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::10650-10750-10850-11000-11350- 11700-11900-12150-12360
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:: 42-39-37.5-35-27
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 47-49-50-52-55.5-58.6-60.5-63.2- 66.3-68-70
Good strength will be maintained till it does not close below 1255.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:: 1266-1255-1236-1225-1215-1195- 1180-1153-1120-1045
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1284-1298-1310
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