PS: we got acceptation above 38525 but we have 2 periods lows at previous half back 3842: so be aware of that if something will go wrong upside....

Thank you for your appreciation and btw, please subscribe me if you like my notes. About current situation, first of all I generally do not trade during pit as I'm too tired at this hour of the day. So I speak only as an observer. As I mentioned ...

and please subscribe me if you like my notes

so here at 38525 we are let's see the reaction

And it did it, removing 3831 frantic Sydney week open. Now I suggest to monitor level 38525 as it is last week pit unch. Acceptation above it can lead to full correction upside toward back to back GB highs at 29035 and 39415. Failure above it can ...

Almost 6 hours ago I wrote: And it did it, removing 3831 frantic Sydney week open. Now I suggest to monitor level 38525 as it is last week pit unch. Acceptation above it can lead to full correction upside toward back to back GB highs at 29035 and ...

Actually it continued lower toward possible 3831 Sydney week open. Anyhow take into serious consideration last week pit unch at 38525 as any serious US action downside need acceptation below such level. If not, considering the monthly trend, imagine ...

And it looks like it want to take out Sydney week open at 3831 In any case from a GB point of view it is a very weak liquidation as we have2 back to back GB poor high, today and yesterday

USDX driven

C inside period: back to balance. Games open. Balance rules apply.

39085 yes GB close and also yes GB low: if tagged no more gap from yesterday GB low. But for continuation upside we need acceptation above it. If so 39415 is possible. If not back to balance.

3890 tagged at the pip: double gap zone removed: now we are inside two separate gap zone, one above up to 39085 and an other one down to 38105

3890, let's see reaction at the first significant level

So it spent the rest of the session in balance correcting too elongated C period as expected. (or at least as possible considering that situation) Then Sydney and Tokyo (again without China) liquidated leaving upside 2 poor highs at 3907 (SYD) and ...

Anyhow, very elongated C period and we are back to balance poc 3925 as I wrote in a previous post so. See you later. Or tomorrow if it will remain in balance or if it will correct C period.

Almost 2 hours ago I wrote: All the frantic liquidation against major trend taken out......

All the frantic liquidation against major trend taken out......

Note Pit correction exactly contained in 38625-3898: 3898 only almost tagged for now

Price zone 38625-3898 is a pit gap containing an almost equal other pit gap: if pit will open below it or in the middle of it, all the portion up to 3898 will be a triple gap. Take note as this is clearly a liquidation. A frantic liquidation against ...

It eventually liquidated in the last GB period followed by the first preUS one. And here we are at 3898 yesterday pit poor low tagged. Anyhow watch out if you'll see no acceptation below them as monthly trend is up and this looks for now a clear ...