Note that for now value is lower from yesterday and price never reached yesterday pit session unchanged level 35235. Acceptation above it is absolutely needed for anything serious upside. And it is needed quickly.
Ubi maior minor cessat
Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow 785 replies
Updating stops to lock in profits 3 replies
lock pattern for global variable in MT4 2 replies
DislikedNote that for now value is lower from yesterday and price never reached yesterday pit session unchanged level 35235. Acceptation above it is absolutely needed for anything serious upside. And it is needed quickly.Ignored
DislikedNote that for now value is lower from yesterday and price never reached yesterday pit session unchanged level 35235. Acceptation above it is absolutely needed for anything serious upside. And it is needed quickly.Ignored
DislikedThere is a one single pip GB gap at 3431-3432. I think that GB could fill it at open. But in any case note that GB will probably open below Friday GB low 3475, meaning with a new substantial gap downside. Now, after the possible filling of the GB single pip gap (3431-3432) take into consideration the fact that unless the new Gb gap downside will be filled quickly, odds will be in favor of a continuation downside. In which case the next visible levels are 3402 (inside month absolute high) and 33652 (GB inside...Ignored
DislikedAs you see after this initial task it started a short covering. But it is against the new gap downside. If it will fail to fill it remember that odds will be in favor to continue lower. Also, even if it will fill it but will not be able to obtain acceptation back inside GB session range (above 3475), odds will be for a continuation downside too. Only if it will quickly fill this new gap and if it will obtain acceptation above 3475 we could imagine a full correction of Friday up to 35495.Ignored
Disliked{quote} So it continued lower as expected after a failed attempt to fill the new gap downside. Anyhow it is currently building an inside period. If so balance rules apply.Ignored
DislikedPrice is balancing around composite poc 3521. With weak hands it will tend to attract price. Less than half an hour to preUS open. Most important value in this zone will be Friday pit high 35225: acceptation above or below it will be important for upcoming pit session. The other 2 main levels are clearly 3503 and 35326. Remember that this move upside could be aimed to correct the very weak high 35495.Ignored
Disliked{quote} Did you see it? PreUS opened, tagged 3503 at the pip , then went up and tagged 35225 at the pip again.Ignored
DislikedPrice is balancing around composite poc 3521. With weak hands it will tend to attract price. Less than half an hour to preUS open. Most important value in this zone will be Friday pit high 35225: acceptation above or below it will be important for upcoming pit session. The other 2 main levels are clearly 3503 and 35326. Remember that this move upside could be aimed to correct the very weak high 35495.Ignored
Disliked{quote} Here we are just below 35326. If we reach it and if we get acceptation above it we could aim at 3586 preUS poor high and 36065 2009 pit low. If not, meaning if we will not see acceptation above 35326 we could experience some sort of liquidation. In any case we still need to see the reaction of pit US at these levels. And pit opens at 15:30+1GMTIgnored