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Either side breakout will happen once it trades below Gann support of 1.1300 or if trades above 1.1625.Any trade and close above 1.1860 will indicate bigger 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:: 1.1300/ 1.1240/1.1120/1.1075
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1625/1.1780/1.1800/1.1860 / 1.2000
Look at the chart and judge yourself that how accurately Gann levels are working. DJIA corrected more than 1000 points from Gann resistance zone and took support exactly near Gann levels 24350 to 24550. It found support two times in this zone and rallied almost 500 points every time. Huge profit can be made if you follow the Gann levels . This 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:: 24550-24350-23950-23500-23300
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 25100-25300-25900-26300-27000
Both major and minor trends are down and it will remain so till it closes above 11900. 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 11000-10700-10330-10170
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11400-11690-11900-12150-12360
After breaking Gann support of 68.5 it stopped exactly near next Gann support 65.25.Both major and minor trend remains down. 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:: 65.25-64.2-62.9-60-58.66
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 69.9-71.35-72.9-73.75-74.75-75.30-77
Short term trend remains up till it stays above 1220. Above 1245 it will indicate more 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:: 1220- 1180-1153-1120-1045
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1245-1266-1280-1298
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