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Lock's Cable Corner

  • #5,821
  • Dec 19, 2017 5:10am Dec 19, 2017 5:10am
Quoting Lock
Note 3 attempts below 33652 and below 3361 failed for now. No acceptation below them for now. Weak period high at 33778 half back (weak hands sold there). Weak Gb high at 3402. Monitor for possible break out from inside period.
Attempted break above inside period. Weak hands sellers at 33778 taken out.
Ubi maior minor cessat
  • #5,822
  • Dec 19, 2017 5:21am Dec 19, 2017 5:21am
Thanks, Lock. You're doing an amazing job here. I always sneak a peek to read your analyses. Thumbs up.
  • #5,823
  • Dec 19, 2017 5:53am Dec 19, 2017 5:53am
Quoting Lock
{quote} Attempted break above inside period. Weak hands sellers at 33778 taken out.
I'm seeing a lot of efforts above 33778: watch out as we have only weak hands in this market today.
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  • #5,824
  • Dec 19, 2017 5:53am Dec 19, 2017 5:53am
Quoting Mitiblotch
Thanks, Lock. You're doing an amazing job here. I always sneak a peek to read your analyses. Thumbs up.
Thank you. And you're welcome. Best, L.
Ubi maior minor cessat
  • #5,825
  • Dec 19, 2017 6:05am Dec 19, 2017 6:05am
Quoting Lock
{quote} I'm seeing a lot of efforts above 33778: watch out as we have only weak hands in this market today.
As you see... I'm off for a while. Have a nice continuation. Best, L.
Ubi maior minor cessat
  • #5,826
  • Dec 19, 2017 6:29am Dec 19, 2017 6:29am
Quoting Lock
33652 is one of our main levels: it is the GB high of the inside month. So monitor for acceptation or rejection below it if reached.
Retesting GB inside month high 33652.
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  • #5,827
  • Dec 19, 2017 7:00am Dec 19, 2017 7:00am
Quoting Lock
{quote} 3402 inside month absolute high tagged at the pip for now. As for 33096 we need acceptation above it for any serious continuation upside. If not the direction will be towards 3303 zone. But balance around 3397 is not excluded.
33096 or 34096? We are well above the former (again, I am only a beginner...)
TULKAS
  • #5,828
  • Edited 7:16am Dec 19, 2017 7:01am | Edited 7:16am
Price is currently inside yesterday pit session gap upside from Friday pit session high 33392. Also from 33392 to 3334 there is also a double pass pit gap. Take into consideration this info for upcoming preUS and pit sessions.

Most important levels for them (US participants) are, as yesterday, 3327 and 3402.

Note that yesterday left a weak and poor high at 34182 while from Friday we have a weak low at 3303 (a tag of a previous pit session poor low)

Other notable levels are yesterday pit unch at 33825 (yesterday settle) and lowest pit low for December at 33153.

Finally note that last week pit session attempted a break downside from previous inside pit week. Whose low was at 3355. A retest of it could the determine the final success or failure confirmation for last week attempt. So I suggest to monitor this level carefully (if reached)
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  • #5,829
  • Dec 19, 2017 7:13am Dec 19, 2017 7:13am
Quoting Tulkas
{quote} 33096 or 34096? We are well above the former (again, I am only a beginner...)
At that particular moment in time, during GB session (four hours ago) we needed acceptation above both of them 33096 and 3402. Because we didn't get it, at that moment in time, a short was more than licit, even if 3402 was only tagged. Add in fact it went down during GB session..
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  • #5,830
  • Dec 19, 2017 8:00am Dec 19, 2017 8:00am
Quoting Lock
Price is currently inside yesterday pit session gap upside from Friday pit session high 33392. Also from 33392 to 3334 there is also a double pass pit gap. Take into consideration this info for upcoming preUS and pit sessions. Most important levels for them (US participants) are, as yesterday, 3327 and 3402. Note that yesterday left a weak and poor high at 34182 while from Friday we have a weak low at 3303 (a tag of a previous pit session poor low) Other notable levels are yesterday pit unch at 33825 (yesterday...

Even if we already tagged 33392 consider that we are speaking of a pit gap: so in order to consider the double pass pit gap filled we need to see pit session participants going over it. And pit session is not open yet.
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  • #5,831
  • Edited 8:30am Dec 19, 2017 8:18am | Edited 8:30am
An important note: from 33392 to 3344 we have a double pass pit gap. But from 3344 to 33482 we also have a triple pass pit gap. Then from 33482 to 33763 (edit) yesterday pit low, again we have a double pass gap. So all the zone from 33392 to 33763 could be interesting for pit participants after pit open in less than 15 minutes.
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  • #5,832
  • Dec 19, 2017 8:29am Dec 19, 2017 8:29am
Quoting Lock
An important note: from 33392 to 3344 we have a double pass pit gap. But from 3344 to 33482 we also have a triple pass pit gap. Then from 33482 to 33763 yesterday pit low, again we have a double pass gap. So all the zone from 33392 to 33763 could be interesting for pit participants after pit open in less than 15 minutes.
And it is not over as pit session is going to open with a new gap downside from yesterday pit session low 33763!
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  • #5,833
  • Dec 19, 2017 8:34am Dec 19, 2017 8:34am
Quoting Lock
{quote} And it is not over as pit session is going to open with a new gap downside from yesterday pit session low 33763!
So let's see after open which zone will be filled first: downside to 33392 or upside to 3376.
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  • #5,834
  • Dec 19, 2017 8:45am Dec 19, 2017 8:45am
Current pit multi gap situation. On a daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-19_15-43-25_Pit multi gap situation.png Size: 67 KB
Ubi maior minor cessat
  • #5,835
  • Dec 19, 2017 10:16am Dec 19, 2017 10:16am
Quoting Lock
{quote} So let's see after open which zone will be filled first: downside to 33392 or upside to 3376.
So, eventually, after an hour and a half of furious balance, it opted to clean downside to 33392first. Now it is not assured the filling of the multi pass gaps upside. Only in the case we will not see acceptation back inside Friday pit session (meaning below 33392) is more than possible a correction upside to 3376 now.

If in fact we will see acceptation below 33392 odds are in favor to a continuation downside towards 3303.
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  • #5,836
  • Dec 19, 2017 10:24am Dec 19, 2017 10:24am
Remember also that even in case of acceptation below 33392 we need also acceptation below 3327 (pit inside month high) to continue seriously lower. If not...
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  • #5,837
  • Dec 19, 2017 11:08am Dec 19, 2017 11:08am
H period (the last one) is an inside period: balance rules apply. For now it attempted above and failed once.
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  • #5,838
  • Dec 19, 2017 12:00pm Dec 19, 2017 12:00pm
Quoting Lock
{quote} So, eventually, after an hour and a half of furious balance, it opted to clean downside to 33392first. Now it is not assured the filling of the multi pass gaps upside. Only in the case we will not see acceptation back inside Friday pit session (meaning below 33392) is more than possible a correction upside to 3376 now. If in fact we will see acceptation below 33392 odds are in favor to a continuation downside towards 3303.
Rejection below 33392 (then balance and breakout above balance) and here we are filling upside cluster of gaps. Now note that the session could evolve into balance if we will not see acceptation above 3376. But if we will find that acceptation we could aim at 34182 yesterday pit poor high.
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  • #5,839
  • Dec 19, 2017 12:13pm Dec 19, 2017 12:13pm
Quoting Lock
{quote} So, eventually, after an hour and a half of furious balance, it opted to clean downside to 33392first. Now it is not assured the filling of the multi pass gaps upside. Only in the case we will not see acceptation back inside Friday pit session (meaning below 33392) is more than possible a correction upside to 3376 now. If in fact we will see acceptation below 33392 odds are in favor to a continuation downside towards 3303.
I didn't hope for it as it looked like too much for a day like this but here we are at 3376: now monitor for acceptation or rejection above it.
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  • #5,840
  • Dec 19, 2017 12:18pm Dec 19, 2017 12:18pm
33825 is yesterday pit session close level: again, we need acceptation also above it for any serious continuation upside.
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