|7th resistance||5820||Previous high|
|6th resistance||5735||Previous resistance line|
|5th resistance||5603||61.8% Fib retracement|
|4th resistance||5557||200-day moving average|
|3rd resistance||5409||Previous high|
|2nd resistance||5385||Yesterday’s high|
|1st resistance||5375||Previous support line|
|1st support||5351||55-90min moving average|
|2nd support||5312||Yesterday’s low|
|3rd support||5268||78.6% Fib retracement|
|4th support||5253||Previous low|
|5th support||5235||Elliott wave target|
|6th support||5145||Previous resistance line|
If you are short:
1st resistance at 5385 (Friday’s high). Weak stop loss above that level.
2nd resistance at 5409 (previous high). Fair stop loss above that level.
3rd resistance at 5557 (200-day moving average). Strong stop loss above that level.
If you are long:
1st support at 5351 (55-90min moving average). Weak stop loss below that level.
2nd support at 5312 (Friday’s low). Fair stop loss below that level.
3rd support at 5268 (78.6% Fib retracement). Strong stop loss below that level.
Courtesy of www.bettertrader.co.uk, click here for link
The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.
Book your FREE tickets today using code: MIBLOG