|7th resistance||5700||61.8% Fib retracement|
|6th resistance||5630||Previous resistance line|
|5th resistance||5624||Previous high|
|4th resistance||5580||200-day moving average|
|3rd resistance||5530||Previous support line|
|2nd resistance||5511||55-90min moving average|
|1st resistance||5477||Yesterday’s high|
|1st support||5436||Yesterday’s low|
|2nd support||5435||Previous low|
|3rd support||5427||50% retracement|
|4th support||5415||Maximum Elliott wave|
|5th support||5380||61.8% Fib retracement|
|6th support||5230||Previous low|
|7th support||5075||November 25 low|
If you are short:
1st resistance at 5477 (yesterday’s high). Weak stop loss above that level.
2nd resistance at 5511 (55-90min moving average). Fair stop loss above that level.
3rd resistance at 5530 (previous support line). Strong stop loss above that level.
If you are long:
1st support at 5427 (50% retracement). Weak stop loss below that level.
2nd support at 5415 (maximum Elliott wave). Fair stop loss below that level.
3rd support at 5380 (61.8% Fib retracement). Strong stop loss below that level.
Courtesy of www.bettertrader.co.uk, click here for link