Money Times - - Tower Talk -

Let the price move above Cen­ter Point or Level 3 and when it move back be­low Cen­ter Point or Level 3 then sell with what­ever high reg­is­tered above Cen­ter Point or Level 3 as the stop loss. After sell­ing if the prices moves to Level 2 or be­low then look to cover short po­si­tions as the op­por­tu­nity arises. If the close is above Weekly Re­ver­sal Value then the trend will change from Down Trend to Up Trend. Check on Fri­day after 3.pm to con­firm weekly re­ver­sal of the Down Trend.

Note: R1-(Re­sis­tance), R2- (Re­sis­tance), R3- Re­sis­tance, S1- Sup­port & S2- Sup­port *Note: Up and Down Trend are based of set of mov­ing av­er­ages as ref­er­ence point to de­fine a trend. Close be­low av­er­ages is de­fined as down trend. Close above av­er­ages is de­fined as up trend. Volatil­ity (Up/Down) within Down Trend can hap­pen/ Volatil­ity (Up/Down) within Up Trend can hap­pen.

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