DislikedNote that if we cannot find acceptation back above 30075, just tested, we could see 2920 again.Ignored
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DislikedNote that if we cannot find acceptation back above 30075, just tested, we could see 2920 again.Ignored
Disliked{quote} here we are again at 30075: let's see. If acceptation we could aim at 3064. If rejection back to 2975Ignored
Disliked{quote} here we are again at 30075: let's see. If acceptation we could aim at 3064. If rejection back to 2975Ignored
Disliked{quote} here we are again at 30075: let's see. If acceptation we could aim at 3064. If rejection back to 2975Ignored
Disliked2975-29945 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.Ignored
Disliked{quote} Note how could a simple notation become so important during the development of a session...Ignored
Yesterday, for instance, pit session failed to take out its respective week low at 2920 that was only tested by preUS and as a consequence of such failure the pit weekly trend upside is still active (and btw this is the reason I insisted to consider the pit gap as a possible consistent zone of balance: because I know the trend was still up.)
Also, yesterday we entirely removed the weak refs left downside during last week rally upside: as written yesterday we were searching a sequence. We asked ourselves: are we going up or down as a first move as we have very weak refs both upside and downside. Now we know that the lower refs are gone and then we could imagine the next direction.
So: are we sure market is going to aim at 3152 zone, now that we removed the weaknesses downside? No.
What are we going to do in order to evaluate odds? We will take into considerations the main refs.
that are for GB:
If we will see price accepted above such refs we could start to think at 3152. If not expect balance or a test of GB prev week low at 29185.
DislikedYesterday has been a textbook. We understood the real options market had, we evaluated correctly the references to consider in order to have an edge against our competitors and finally we were able to interpret correctly the market behavior when price encountered such refs. We also have been lucky. And it's not always like that. Now, we are in a monthly balance a weekly trend upside (all sessions) a daily trend downside. For upcoming GB session in order to stop the daily trend downside we only have to take out yesterday high at 3032, during the...Ignored
DislikedWe are in a monthly balance, weekly trend upside and daily balance* *daily balance if you consider the entire daily range from Sydney open to Pit close. Yesterday GB session is an inside one: its range is contained inside previous GB session: balance rules apply today. Yesterday GB range is 3001 - 3051 Previous session range is 29945 - 3075 An attempted rally will occur above 3051, while an attempted break will occur below 3001. If it will attempt upside the main test will be at 3075, if downside the main test will be at 29945. If it will fail in...Ignored
we failed the attempt downside? Gb closed below previous sessions lows and below the inside session low. But then other market participants acted against such attempt and currently we are back inside previous inside session range (3001-3051).
Now, if this rejection of yesterday GB attempt downside will be confirmed by next GB participants, the natural direction should be the opposite side of previous balance: meaning 3051-3075
If not a new attempt downside could be performed but: GB participants know now that other market participants rejected yesterday such option, so if they will attempt that action again, they will risk definitely more than yesterday. Is it clear?
Disliked{quote} Also remember what we wrote yesterday: Yesterday GB range is 3001 - 3051 Previous session range is 29945 - 3075 we failed the attempt downside? Gb closed below previous sessions lows and below the inside session low. But then other market participants acted against such attempt and currently we are back inside previous inside session range (3001-3051). Now, if this rejection of yesterday GB attempt downside will be confirmed by next GB participants, the natural direction should be the opposite side of previous...Ignored
DislikedGB opened inside yesterday range just some pips above yesterday GB close 29965 and immediately tagged 3000 previous inside session range low...Ignored
DislikedUp and down open level, exact test of yes close: who is ruling such a market?Ignored
Disliked{quote} rally upside leaving downside back to back poor lows around 29785-81 If it's serious we could aim at yesterday GB open 3030 if not all the way back toward poor lowsIgnored