Session poc migrated higher during the entire pit session. Huge cluster at half back as said and huge cluster at poor high.
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DislikedE F and G periods' lows all at half back 33925: who do you think is buying there? Watch out!Ignored
DislikedA fast recap: we got an impressive amount of weaknesses, anomalies and poor highs left upside up to 3586 zone. Now, even if this could be read as the auction upside is not completed and could require some sort of excess, at the same time all these poor and weak levels upside could underline the absence, at least at this level, of buyers. When a market is not able to find buyers at a certain level it has to search for them downside.Ignored
DislikedAnd generally a liquidation is the way a market could obtain such result. So, unless a short covering will start in the next ours the possibility of a substantial liquidation downside is absolutely possible.Ignored
Disliked2017/09/27 THURSDAY 08:55 +1GMT EARLY MORNING REPORT S.... As a finale notation consider that current Tokyo low is poor at 33615. And that we are just above the old GB gap upside starting from 3337 that could attract price action in order to be eventually filled (this in case of continuation downside)Ignored
Disliked2017/09/27 THURSDAY 08:55 +1GMT EARLY MORNING REPORT So, we are going to open inside yesterday GB range, very close to the composite poc 3397 that attracted weak price action during the entire pit session yesterday. This clearly mean indecision. Waiting for info. .Ignored
DislikedSo first of all 3397 will remain out most important level until some event will occur. And this is particularly important also because we are before major speeches. ....Ignored
Disliked{quote} Taken out as the temporary GB weak low: now for continuation we need acceptation below overnight low 33615. If not....Ignored
DislikedPlease note that yesterday GB session was a double distribution trend day. Meaning that we got 2 separate distributions in its profile. When you have such a condition you got to consider each separate distribution as a different session because the clean space between them means change.Ignored
DislikedSo the simple fact that we opened inside the lower distribution, considering that GB attempted higher during the entire session is full of meaning. Consequently valuate the reaction of price at the extremes of these separate distribution. 3361-3340 (the lower one) and 3402-3429 (the higher one)Ignored
Disliked{quote} {quote} Watch out now as we are just below the top of the lower GB distribution that is aso yesterday GB close. Any serious attempt upside requires acceptation above this level.Ignored
Disliked{quote} {quote} {quote} So it failed below overnight low 33615 and here we are back to composite poc 3397. The importance of Market Generated Information. Btw very elongated period A but it is also a good excess below.Ignored
DislikedAnd I also added this: {quote} Period A retraced more than 50% but still excess downside. The game is now to understand if current A excess could be preserved or not. If preserved, meaning no further poor low, then we still have odds to retrace back upside. At the contrary if we will see price tagging current low 33483 (so poor low) the odds will be in favor of a new attempt downside.Ignored
DislikedPlease note that yesterday GB session was a double distribution trend day. Meaning that we got 2 separate distributions in its profile. When you have such a condition you got to consider each separate distribution as a different session because the clean space between them means change.Ignored
DislikedSo the simple fact that we opened inside the lower distribution, considering that GB attempted higher during the entire session is full of meaning. Consequently valuate the reaction of price at the extremes of these separate distribution. 3361-3340 (the lower one) and 3402-3429 (the higher one)Ignored
DislikedAlso for any serious continuation downside we need acceptation below yesterday GB low 3363 and below overnight low (almost same level)Ignored