The true reversal point is not a support and resistance, it's a whole new level of trading. This is a method that can crack the exact figure of reversal. The market will not go lower or will not reverse a little above it but it will reverse exactly from this figure. The reversal point in GMT is at 2.20317.
In some cases market can also break this level. Trading is all about probability and the probability of breaking down is 2 out of 8. If the market breaks this level and moves below it then this level will turn as resistance and will push the market more downside.
Don't forget to hit the like button and follow to stay connected.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.