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Lock's Cable Corner

  • #6,861
  • Oct 28, 2020 4:19am Oct 28, 2020 4:19am
Quoting Lock
2980-2987 is old GB gap upside: we need to see it filled and gain acceptation below it. Very elongated GB profile: watch out.
Filled: now we need acceptation below it (2980) to see 2935
Ubi maior minor cessat
  • #6,862
  • Oct 28, 2020 4:21am Oct 28, 2020 4:21am
Quoting Lock
{quote} Filled: now we need acceptation below it (2980) to see 2935
The only thing I can see as a possible weak support is 2954, before 2935. But I cannot imagine a valid support in order to avoid 2935. Is the major yearly poc.
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  • #6,863
  • Oct 28, 2020 4:23am Oct 28, 2020 4:23am
Quoting Lock
{quote} The only thing I can see as a possible weak support is 2954, before 2935. But I cannot imagine a valid support in order to avoid 2935. Is the major yearly poc.
Very elongated profile again, even if it will continue directly to 2935: carry forward this info.
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  • #6,864
  • Oct 28, 2020 4:32am Oct 28, 2020 4:32am
2975-29945 is the old pit gap upside: take note as if pit will open below it it will become a double pass gap (a zone of price attraction). And, who know, maybe GB participants could be aware of this fact.
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  • #6,865
  • Oct 28, 2020 4:58am Oct 28, 2020 4:58am
D could be an inside period: if so balance rules will apply
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  • #6,866
  • Oct 28, 2020 5:00am Oct 28, 2020 5:00am
Quoting Lock
D could be an inside period: if so balance rules will apply
Yes
  • #6,867
  • Oct 28, 2020 6:37am Oct 28, 2020 6:37am
Quoting Lock
2975-29945 is the old pit gap upside: take note as if pit will open below it it will become a double pass gap (a zone of price attraction). And, who know, maybe GB participants could be aware of this fact.
It looks like they were aware of this as they clearly avoid to move away from it before preUS and Pit open. Now let's see at preUS open. Take note of this gap
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  • #6,868
  • Oct 28, 2020 6:40am Oct 28, 2020 6:40am
it can test spike
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  • #6,869
  • Oct 28, 2020 6:47am Oct 28, 2020 6:47am
Quoting Lock
{quote} The only thing I can see as a possible weak support is 2954, before 2935. But I cannot imagine a valid support in order to avoid 2935. Is the major yearly poc.
Let's see the test here.
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  • #6,870
  • Oct 28, 2020 6:59am Oct 28, 2020 6:59am
Quoting Lock
{quote} The only thing I can see as a possible weak support is 2954, before 2935. But I cannot imagine a valid support in order to avoid 2935. Is the major yearly poc.
Well, and I have been to optimistic: 2954 worked at least as test for this GB spike. GB closed exactly testing it... Now the game, before pit open, will be all around the gap 2975-29945 and 2935
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  • #6,871
  • Oct 28, 2020 7:03am Oct 28, 2020 7:03am
Now also remember: weekly trend is up. To interrupt it we need 2920 (last week pit low) taken out by a pit session.
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  • #6,872
  • Oct 28, 2020 7:18am Oct 28, 2020 7:18am
29475 was the last pit unch before the last week rally.
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  • #6,873
  • Oct 28, 2020 7:26am Oct 28, 2020 7:26am
Quoting Lock
29475 was the last pit unch before the last week rally.
This means that after a week absolutely nothing changed: this is the main market generated information they will have at pit open...
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  • #6,874
  • Oct 28, 2020 7:31am Oct 28, 2020 7:31am
Quoting Lock
..... In conclusion, in case of a succeeding rally upside our main target could be 3150 zone, in case of a successfully break our main target could be 2935 area. A final note: we are in a weekly trend upside and any meaningful break has to interrupt this trend: in order to obtain technically such result the last week lower extreme has to be taken out. It is at 29185 (wednesday GB low that btw coincides with September GB close: a very important ref)
And here we are at the target 2935 in case of break from inside session. To interrupt weekly trend, remember that for pit sessions the level is 2920.
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  • #6,875
  • Oct 28, 2020 9:28am Oct 28, 2020 9:28am
Quoting Lock
{quote} Well, and I have been to optimistic: 2954 worked at least as test for this GB spike. GB closed exactly testing it... Now the game, before pit open, will be all around the gap 2975-29945 and 2935
Quoting Lock
{quote} And here we are at the target 2935 in case of break from inside session. To interrupt weekly trend, remember that for pit sessions the level is 2920.
As you see pit went up and fill the double pas pit gap 2975-29945 and it did it after pres US tested 2920 (just some pips below it.
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  • #6,876
  • Oct 28, 2020 9:30am Oct 28, 2020 9:30am
Quoting Lock
B period high at half back, not a good sign: weak money involved in this attempt downside. Let's see if we will see a new test below 3000
Note pit session went up just to get those poor guys there at GB half back....
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  • #6,877
  • Oct 28, 2020 9:32am Oct 28, 2020 9:32am
Quoting Lock
{quote} {quote} As you see pit went up and fill the double pas pit gap 2975-29945 and it did it after pres US tested 2920 (just some pips below it.
Note that the weekly uptrend is still in place unless pit will come again below 2920.
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  • #6,878
  • Oct 28, 2020 9:36am Oct 28, 2020 9:36am
Quoting Lock
{quote} Note pit session went up just to get those poor guys there at GB half back....
I was totally wrong: pit went up to test 30075 pit September inside week high. That ref was covered by the weak ref I left when Gb was going down so I didn't see it. Sorry.
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  • #6,879
  • Oct 28, 2020 9:58am Oct 28, 2020 9:58am
C possible inside period: if so balance rules apply.
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  • #6,880
  • Oct 28, 2020 10:03am Oct 28, 2020 10:03am
Note that if we cannot find acceptation back above 30075, just tested, we could see 2920 again.
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