Dash Trading Idea

The market can fall from 200.00 resistance level. MACD histogram confirms down movement. ADX line of DMI indicator is below 20 and we should not expect for strong up movement. It's possiable that the market will drop to 160.00 support level and MA50. It will be the 1st reversal zone. We'll be able to open long trades based on a confirmed reversal signal. But also, the market has potential for falling to the 2nd reversal zone near 140.00 support level. As for MA100 it will be an additional support line for possible buying. Stop orders for all long trades must be placed below the support levels. Profit targets should be at 200.00 resistance level.