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Look at the chart above and see yourself that how accurately Gann levels have put resistance near 1.1600 and support near 1.1390-. Any trade and close above 1.1800 will indicate upside.
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:: 1.1390 /1.1300/ 1.1240/1.1120/1.1075
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1780/1.1800/1.1860 / 1.2000
25600 to 25950 was a Gann resistance zone and look at the chart that how Dow reacted from this zone.The trend is sideways now . 24350 to 24550 is a very big and powerful Gann support level and substantial close below this will indicate a trend reversal . Follow these levels 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:: 25200-24900-24550-24350-23950
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 25700-25950-26300-27000
11830 was Gann resistance and look at the chart, how this level has put pressure on Dax and it corrected exactly at Gann support near 11500. 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 11500-11400-11150-10330-10170
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11830-11990-12150-12360
Correction started exactly from Gann resistance near 72.9. Gann support of 68.5 is still holding and closing below this level will indicate more weakness. 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:: 68.5 -66.7-65.25-64.2-62.9-60-58.66
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 72.9-73.75-74.75-75.30-77
1228 to 1235 is strong Gann resistance level. Short term trend remains up till it stays above 1180. 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:: 1210- 1180-1153-1120-1045
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1228-1235-12281245-1266
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