Good Sunday evening everyone!
pit session tagged the 07.20 gb poor low at 3078 and formed here its own very weak poor low.
after balancing around this zone, taking out all these minor weak refs, pit session finally went up only to establish its high exactly at 3114**
I was not sure about the "capture" of these tagets because it was Friday and now I confirm here all of them.
This weekend could build a gap down, jumping over these very close weak refernces.
Then we will have to wait for the pit session and see if it will open below or above them.
If above they will remain targets for pit session. If below they could be considered taken out.
Disliked{quote} ...if this gap resists and if the following pit session will confirm the down move with its own gap down, we have: 07.20 gb poor low at 3078 ecc...Ignored
Disliked{quote} again at open 3114 that now is weaker then before, but the gap is still in place, 3100 is round weak and we have a poor low at 3087. I'm off, too tired. Have a nice trading everyone.Ignored
Disliked{quote} ...if this gap resists and if the following pit session will confirm the down move with its own gap down, we have: 07.20 gb poor low at 3078, 07.19 pit session poor low at 30735 and tokyo 07.20 poor low at 30645 But, in the case of down continuation (and I do not really know if this is possible today) the upcoming pit session could aim to: the old 07.11 pit gap up starting at 30145 and, if even further down, the last weak thing I can see is the poor Sydney low of 07.12 at 29715 and...Ignored
This weekend could build a gap down, jumping over these very close weak refernces.
Then we will have to wait for the pit session and see if it will open below or above them.
If above they will remain targets for pit session. If below they could be considered taken out.
- 07.20 gb poor low at 3078, (now also 07.22 pit session poor low cluster: extraordinary weak level)
- 07.19 pit session poor low at 30735 and
- tokyo 07.20 poor low at 30645
In the case of down continuation:
- the old 07.11 pit gap up starting at 30145
- and, if even further down, the last weak thing I can see is the poor Sydney low of 07.12 at 29715
- and 2945 as final target: it is the bigger peak of volume in this zone.
**Above, as said we have a very very weak level at the Friday(07.22) preUS open 3114, where pit session put its high for the day. This level is currently only defended by the pit session gap down from 3167.
Note that the gb session down of 07.22 (friday) looks like a liquidation(very weak) and that the last pit session formed a very very narrow balance that could lead to a breackout.
Note also the gb minus development 3130-31465, right inside the pit gap down 3114-3167
Have a nice trading!
Ubi maior minor cessat