Saturday, 21 July 2012

Dow Jones Atr Study.

For last few days I am noting a particular pattern with regards to script moving as per ATR.

Please see ATR of Dow Jones.

Atr of Dow is showing a movement of 150 point on average on Daily..

Hence, it is beleived a level with a distance of approx 150 points will be a strong level.

If the level holds,prices will reverse, If level breaks next level will come.

Please see the 1 chart.


Over here I have marked levels with a distance of almost 150 points away.

Trading is analytical Science and not perfect Science hence even a level of 125 points away is good enough and so is level of 175 points.

If 2nd level breaks , 3rd level will come and so on.

Hope,this study suceeds!

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