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Lock's Cable Corner

  • #6,801
  • Oct 27, 2020 3:00am Oct 27, 2020 3:00am
We are going to open inside yesterday GB range not far from yesterday GB close 3021.
It opened exactly at yesterday GB close!
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  • #6,802
  • Oct 27, 2020 3:20am Oct 27, 2020 3:20am
Quoting Lock
We are going to open inside yesterday GB range not far from yesterday GB close 3021. It opened exactly at yesterday GB close!
it opened, tested above 3021, found nothing, went down...
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  • #6,803
  • Oct 27, 2020 3:23am Oct 27, 2020 3:23am
Quoting Lock;13230968... Take into consideration major references, monitor the reaction of price at those references and act accordingly. Major refs for upcoming GB session are: yesterday GB high 30745; last weekly GB close 3039; 3021 yesterday GB close; yesterday GB low [B
29945[/b];
For serious continuation downside we need to see price accepted below 3000 and 29945. If so next level could be 2980. If rejected below 3000 or 29945 we could see correction first step to retest3021, then 3039.
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  • #6,804
  • Oct 27, 2020 3:29am Oct 27, 2020 3:29am
btw 3010 is yesterday GB open: obviously we need price acceptation below it for continuation downside. If not..
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  • #6,805
  • Oct 27, 2020 3:42am Oct 27, 2020 3:42am
Quoting Lock
{quote} For serious continuation downside we need to see price accepted below 3000 and 29945. If so next level could be 2980. If rejected below 3000 or 29945 we could see correction first step to retest3021, then 3039.
Price even failed to test below 3000 and here we are at retest 3021
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  • #6,806
  • Oct 27, 2020 3:44am Oct 27, 2020 3:44am
If price continue upside note current weak low at exact round number 3000: carry forward this info.
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  • #6,807
  • Oct 27, 2020 3:48am Oct 27, 2020 3:48am
Quoting Lock
{quote} For serious continuation downside we need to see price accepted below 3000 and 29945. If so next level could be 2980. If rejected below 3000 or 29945 we could see correction first step to retest3021, then 3039.
Acceptation above 3021 yes GB close obviously needed to go to 3039. If not, all the way back to yesterday open 3010 or retest 3000
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  • #6,808
  • Oct 27, 2020 3:50am Oct 27, 2020 3:50am
Note that we are inside yesterday GB range: generally in such situations initial balance is expected. Why? Because the simple fact that we opened inside yesterday range means that yesterday prices are at least initially accepted....
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  • #6,809
  • Oct 27, 2020 3:57am Oct 27, 2020 3:57am
B could be an inside period: if so balance rules apply.
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  • #6,810
  • Oct 27, 2020 4:06am Oct 27, 2020 4:06am
Quoting Lock
{quote} Acceptation above 3021 yes GB close obviously needed to go to 3039. If not, all the way back to yesterday open 3010 or retest 3000
Micromanaging: watch out anyway as it could be risky...
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  • #6,811
  • Oct 27, 2020 4:13am Oct 27, 2020 4:13am
C low exactly at yesterday GB open 3010: carry forward..
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  • #6,812
  • Oct 27, 2020 4:15am Oct 27, 2020 4:15am
Quoting Lock
{quote} Acceptation above 3021 yes GB close obviously needed to go to 3039. If not, all the way back to yesterday open 3010 or retest 3000
Note price up and down from yes open to yes close and vice versa... Who do you think is ruling this market?
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  • #6,813
  • Oct 27, 2020 4:35am Oct 27, 2020 4:35am
Quoting Lock
{quote} Note price up and down from yes open to yes close and vice versa... Who do you think is ruling this market?
Weak money
  • #6,814
  • Oct 27, 2020 4:37am Oct 27, 2020 4:37am
Quoting Lock
{quote} Micromanaging: watch out anyway as it could be risky...
Yes same, Just I don’t see directions clearly yet
  • #6,815
  • Oct 27, 2020 5:15am Oct 27, 2020 5:15am
So we got:

  1. A period low at round number 3000
  2. C period low at yes open 3010
  3. D period low at HB 3014

...it can go higher but... you know who is ruling this action upside.
If it will continue up to, for instance, 3039, next visible level: monitor for acceptation above it. If not...

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  • #6,816
  • Oct 27, 2020 5:33am Oct 27, 2020 5:33am
D, E anf F lows all at HB 3014: extraordinary weak market in such a tiny range.
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  • #6,817
  • Oct 27, 2020 5:38am Oct 27, 2020 5:38am
Quoting Lock
D, E anf F lows all at HB 3014: extraordinary weak market in such a tiny range.
Yes tiny range

maybe US session brings in some movements
watching levels only at the moment
  • #6,818
  • Oct 27, 2020 6:01am Oct 27, 2020 6:01am
Quoting Lock
So we got: A period low at round number 3000 C period low at yes open 3010 D period low at HB 3014 ...it can go higher but... you know who is ruling this action upside. If it will continue up to, for instance, 3039, next visible level: monitor for acceptation above it. If not...
And here we are at 3039: monitor for acceptation or rejection above it. If acceptation next visible level is yes GB high 30745. If rejection see previous post..
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  • #6,819
  • Oct 27, 2020 6:03am Oct 27, 2020 6:03am
Quoting Lock
{quote} And here we are at 3039: monitor for acceptation or rejection above it. If acceptation next visible level is yes GB high 30745. If rejection see previous post..
...in case of acceptation, considering the market participants, we also have 3050 and 3068, before to even think at yes GB high 30745...
...in case of acceptation above 3039, I repeat it.
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  • #6,820
  • Oct 27, 2020 6:37am Oct 27, 2020 6:37am
Tagging overnight high 30445: monitor for acceptation or rejection above it.
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