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DOW JONES INDUST:
Read the following highlighted texts. A clear warning of deeper corrections was issued on breach of Gann levels, and now you all must appreciate the power of Gann levels. 25100 must be watched closely as real trouble for bulls will start only on a closing below this level.
Dow could not cross the Gann resistance level near 27400. If this level is not breached convincingly then expect some downside from here. So all aggressive long positions must be avoided at higher rates till this resistance is crossed convincingly. 26500 to 26700 is super strong Gann support zone. Can go long in this zone but remember any breach of this zone will indicate deeper corrections.
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:: 25700-25500-25300-25100-24500
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 26800-27100-27400-27700-28050-28350
As indicated last week that any closing below 54 will indicate more downside so it did go below and finally found some support near 50 which is once again a Gann support level. Watch closely 49-50 support zone . Any trade and substantial close below this levels will provide a huge upper hand to bears.
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:: 50-49-48-45-42
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 55/56.10/ 57.20/59.5/61.5
"Trend is still up and keep buy on decline strategy in near all Gann levels given below. 1440 to 1465 will be the next super strong Gann support level."
Read the above. This is what we wrote last week. Gold made an exact low of 1465 and a superb bounce of 60 points from this Gann support level. This is the accuracy and power of Gann system, unmatched by any other technical tools across the globe.
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:: 1465-1445-1436- 1400
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::1535- 1572-1610-1630
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