Key levels in times of overheated technicals
Every Friday, the Weekly S/R Levels are updated, this edition includes the annual ones for $S&P 500(.SPX)$ $iShares Russell 2000 ETF(IWM)$ $NASDAQ 100(NDX)$ $DJIA(.DJI)$BTC and ETH.
These weekly levels have proven to be a reversal validator.
The latest bullish reversal posted here on X two weeks ago, was based in these levels and oscillators, as highlighted by the yellow arrows.
The 4 hours chart with the levels provided during the last two months provides references of price action when the central or blue level is lost.
As highlighted in red, when that level is breached, a change in the trend happens.
https://smartreversals.substack.com/p/sr-levels-june-17th-21st?utm_source=profile&utm_medium=reader2
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