Note 2935 major composite poc (we are speaking about the yearly major composite poc after brexit)
Ubi maior minor cessat
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Disliked29645 GB weekly close 2954 GB main ref (above) 2896-8 GB main refs below we are inside friday GB session: balance rules apply.Ignored
DislikedIt closed the new gap downside almost at the pip: if we will not find acceptation back inside Friday Pit session (above 2932), expect a correction downside toward 28885 (the bottom of the double pass pit gap left downside) or balance.Ignored
DislikedIt closed the new gap downside almost at the pip: if we will not find acceptation back inside Friday Pit session (above 2932), expect a correction downside toward 28885 (the bottom of the double pass pit gap left downside) or balance....Ignored
DislikedNote anyhow that price is above pit December low 2909: any meaningful correction downside will need acceptation below it. If we will not see acceptation above 2932 nor below 2909 we will have balance. In case of acceptation above 2932 we could instead try to remove 2981 Friday pit high eventually retesting 2972-75 major pit refs upside.Ignored
DislikedIt closed the new gap downside almost at the pip: if we will not find acceptation back inside Friday Pit session (above 2932), expect a correction downside toward 28885 (the bottom of the double pass pit gap left downside) or balance. {quote} ....Ignored
In a word, we are in a perfect balance.
All poor-weak lows and highs are possible targets, while all major GB refs are possible support or resistance: trade accordingly based upon balance rules.
DislikedPossible scenarios: open, remove the double pass gap 29515-2955 fail at 2954 or 2985 and retrace back downside. open, remove double pass 29515-2955 gain acceptation back above 2954 and 2985 and continue higher.Ignored
Disliked{quote}[/highlight][/u][/b] looks like this one will happen lets see trade safeIgnored
Disliked.... If we will not see acceptation above 2985 and 30025 we could expect a new test of 2954 and eventually a full correction downside toward February low 2849.Ignored