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Attachments: Lock's Cable Corner
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Lock's Cable Corner

Quoting Lock
.... Wait for some clear signal from market and do not overtrade is my suggestion for now.

Inside period: balance rules apply. New poor low.
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Quoting Lock
{quote} Inside period: balance rules apply. New poor low.
So it broke below inside period C and removed the poor low. It is aiming at 3402 (inside month absolute high): watch out if not reached or if price will not find acceptance below it. Note that we have a double pass GB gap at 33985-34065 already signaled yesterday. It could attract price.
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34065, as a reference, is yesterday GB low. So, obviously, acceptation below it is needed for any serious continuation downside. If price will fail below yesterday GB low and or below 3402, all the way back upside towards 3444 and the cluster of poor highs there.

If instead we will find acceptation below yesterday GB low 34065 and below 3402, we could imagine a strong liquidation downside towards 3300 zone.
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Quoting Lock
{quote} So it broke below inside period C and removed the poor low. It is aiming at 3402 (inside month absolute high): watch out if not reached or if price will not find acceptance below it. Note that we have a double pass GB gap at 33985-34065 already signaled yesterday. It could attract price.
Just 1 single pip above 3402. Remember previous considerations. An other poor low btw.
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Quoting Lock
{quote} Just 1 single pip above 3402. Remember previous considerations. An other poor low btw.
Eventually tagged.
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Quoting Lock
{quote} So it broke below inside period C and removed the poor low. It is aiming at 3402 (inside month absolute high): watch out if not reached or if price will not find acceptance below it. Note that we have a double pass GB gap at 33985-34065 already signaled yesterday. It could attract price.
double pass GB gap filled at 33985-34065
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Quoting Lock
34065, as a reference, is yesterday GB low. So, obviously, acceptation below it is needed for any serious continuation downside. If price will fail below yesterday GB low and or below 3402, all the way back upside towards 3444 and the cluster of poor highs there. If instead we will find acceptation below yesterday GB low 34065 and below 3402, we could imagine a strong liquidation downside towards 3300 zone.
Carefully monitor for acceptation or rejection below 3402 as previously underlined.
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We are around composite poc 3397: it could attract price working as a magnet in case of weak hands participants. Next visible level in case of acceptation below 3402 is 33652 GB inside month high. In this case the gap from GB 12.13 down to 3368 will also be filled.

But I repeat it, monitor for acceptation or rejection below 3402 as a first crucial step.
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Quoting Lock
We are around composite poc 3397: it could attract price working as a magnet in case of weak hands participants. Next visible level in case of acceptation below 3402 is 33652 GB inside month high. In this case the gap from GB 12.13 down to 3368 will also be filled. But I repeat it, monitor for acceptation or rejection below 3402 as a first crucial step.
Technically we got acceptation below 3402. But we got a very elongated GB profile too. Also preUS is going to open in less than half an hour so new participants will step in. In any case the last accepted level is currently 3402 if you like move your stops accordingly to this new structural level (meaning above it somewhere) or scale out some (if you are selling obviously).
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Quoting Lock
We are around composite poc 3397: it could attract price working as a magnet in case of weak hands participants. Next visible level in case of acceptation below 3402 is 33652 GB inside month high. In this case the gap from GB 12.13 down to 3368 will also be filled. But I repeat it, monitor for acceptation or rejection below 3402 as a first crucial step.
GB old gap filled. Now testing 33652.
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Again an other textbook session. Re-read previous posts to evaluate how all this developed from inside period C breakout (post 5781).
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We left upside 5 consecutive GB anomalies: carry forward this info. And I also suggest to wait for preUS open in order to evaluate US participants' reactions to current liquidation. Most important levels in this zone are clearly 33652 and 3402. But 3402 is universal as it is the absolute high of the inside month while 33652 is a specifically GB level.

Then downside we have 33393 (last mid term move downside half back: universal) and 3327 (pit inside month high: specifically for US participants)

An other important daily level for upcoming US participants will be spike base 33775. Monitor for US acceptation above or below it after preUS open and specially after pit open.
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Also monitor during current preUS session the possibility to have a gap at pit open from yesterday pit low 3392. A new pit gap downside could favor odds to reach 3300 zone.
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Quoting Lock
Also monitor during current preUS session the possibility to have a gap at pit open from yesterday pit low 3392. A new pit gap downside could favor odds to reach 3300 zone.
If not, meaning if we will open inside yesterday pit range, above 3392, then yesterday pit poor high 3446 could be at risk again.
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Quoting Lock
...An other important daily level for upcoming US participants will be spike base 33775. Monitor for US acceptation above or below it after preUS open and specially after pit open.
Early preUS testing pit spike base 33775.
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Quoting Lock
{quote} Early preUS testing pit spike base 33775.
PreUS clearly failed to gain any sort of acceptation above 33775 and here we are towards 3300 zone. Now, pit is not opened yet, so we don't know the reaction at that moment in time, anyway for now we are building a substantial new pit gap downside from 3392 yesterday pit low. Remember that downside we have 2 back to back pit poor lows at 33482 and 3303 that could become targets if pit US will open with a new gap downside but that could also be reached even before to pit open.
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Quoting Lock
.... Then downside we have 33393 (last mid term move downside half back: universal) and 3327 (pit inside month high: specifically for US participants) An other important daily level for upcoming US participants will be spike base 33775. Monitor for US acceptation above or below it after preUS open and specially after pit open.
Watch out here: first important level downside to monitor. 33393.
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Quoting Lock
.... Then downside we have 33393 (last mid term move downside half back: universal) and 3327 (pit inside month high: specifically for US participants) An other important daily level for upcoming US participants will be spike base 33775. Monitor for US acceptation above or below it after preUS open and specially after pit open.
Second level downside 3327: more important than the previous one as it is the pit inside month high. Monitor carefully for acceptation or rejection below it. Both during current preUS and after pit open. Very elongated profile: watch out.
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Btw this is what I wrote almost 3 hours ago, basing my considerations upon market generated information:

Quoting Lock
34065, as a reference, is yesterday GB low. So, obviously, acceptation below it is needed for any serious continuation downside. If price will fail below yesterday GB low and or below 3402, all the way back upside towards 3444 and the cluster of poor highs there. If instead we will find acceptation below yesterday GB low 34065 and below 3402, we could imagine a strong liquidation downside towards 3300 zone.
After the acceptation below 3402 we had indeed a strong liquidation of more than 80 pips.
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Pit opened with a notable new gap downside from yesterday pit low 3392. Double pass pit gap at 3344-33482. Open level is exactly at 3327 pit inside month high: monitor for acceptation below or above it. 3303 next visible level to correct downside.
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