DislikedHi Lock, Where would you put the balancing area in this intermediate-term down-move....? Is it the area I indicated with the red triangle (my pref) or the green dotted-line? Thanks! {image}Ignored
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DislikedHi Lock, Where would you put the balancing area in this intermediate-term down-move....? Is it the area I indicated with the red triangle (my pref) or the green dotted-line? Thanks! {image}Ignored
Disliked13:37 +1GMT Now, preUS could open below yesterday pit low at 25293. If it will remain below this level, upcoming pit will open with a new gap downside. Then the current little double pass pit gap at 25253-25293 will become a triple pass gap: carry this info forward in the case.Ignored
DislikedNow, note that A low is weak at exact ref as B low is weak at half back. But let's see where pit is going to open and how it will react to the new possible gap downside.Ignored
DislikedNow, note that A low is weak at exact ref as B low is weak at half back. But let's see where pit is going to open and how it will react to the new possible gap downside.Ignored
Disliked16:53 +1GMT In any case if we remain around here untill tonight I think Tokyo will test its poor low from 11.29 at 23874. Clearly it will be different in case of very strong correction upside. But I also think that current composite poc could attract price unless bigger timeframes will step in. Clearly B period has a very great number of single pips and I think that it clearly needs a correction before or after.Ignored
DislikedA test of the lower main trend line is also possible. Note current C low at round 2400 previously tagged by a GB session (11.29): now it is very weak.Ignored
Disliked17:49+1GMT Well. I'm off. As written it could also reach the pit weekly balance low at 23623 or maybe even the GB weekly balance low 23118 (the weekly balance low valid for all the sessions) But right now I see a D high 1 pip below the early morning low at 2422, huge minus development left by B period above it and the current test of the major trend line upside: all these factors plus my tiredness force me out. See you tomorro and have a nice continuation. Watch out anyway! Best L. PS: we are in...Ignored
Disliked16:53 +1GMT In any case if we remain around here untill tonight I think Tokyo will test its poor low from 11.29 at 23874. Clearly it will be different in case of very strong correction upside. But I also think that current composite poc could attract price unless bigger timeframes will step in. Clearly B period has a very great number of single pips and I think that it clearly needs a correction before or after.Ignored
above current composite poc
below current composite poc
I underligned the references that I consider most important for upcoming GB.
Note that we left above a huge amount of weaknesses, so in case of short covering read previous reports to have at least an idea of them.
Finally USDX has now a good pit high, at least on the daily timeframe: I do not study it on sessions so I do not know if it has a good high there) And this fact could eventually lead to a correction of the incredible 5 pass GB gap around 100.35 level. Even tough the GB session is not so important for USDX as for cable obviously.