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Lock's Cable Corner

  • #6,901
  • Oct 29, 2020 4:30am Oct 29, 2020 4:30am
Quoting Lock
{quote} Before yes open 3030 there's also a very old 30215 ref that could be of some importance: take note. Also take care of Tokyo high just some pips above it.
  • #6,902
  • Oct 29, 2020 4:47am Oct 29, 2020 4:47am
Quoting Lock
{quote} Before yes open 3030 there's also a very old 30215 ref that could be of some importance: take note. Also take care of Tokyo high just some pips above it.
3025 Tokyo high tagged at the pip: still weak money involved. It's a weak high as we have a poor low...
Ubi maior minor cessat
  • #6,903
  • Oct 29, 2020 4:50am Oct 29, 2020 4:50am
Quoting Lock
{quote} 3025 Tokyo high tagged at the pip: still weak money involved. It's a weak high as we have a poor low...
Yes agree
  • #6,904
  • Oct 29, 2020 5:13am Oct 29, 2020 5:13am
I took a sell trade at 1.3023

Tuesday had its value area at 1.30218 which hasn't been quite respected. The the current value area for today is at 1.2991

Let's see if price can close below this (1.2991) level for further selling
  • #6,905
  • Oct 29, 2020 5:42am Oct 29, 2020 5:42am
1.29644 was last week's value area.

Maybe we can get a bounce from there today
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  • #6,906
  • Oct 29, 2020 7:47am Oct 29, 2020 7:47am
Quoting Lock
... 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: yes open 3030 yes high 3032 3000 (September GB inside week high) yes close 29965 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.
Market generated information: that's all.

GB didn't manage to get acceptation above our main refs and here we are again at last week low test.
Note the very elongated GB profile. And remember that for upcoming pit session the level to test is slightly different: it is 2920. If we will see it taken out by Pit, current weekly uptrend will be interrupted. If not, watch out for fast recovery upside where we left huge anomalies.
Ubi maior minor cessat
  • #6,907
  • Oct 29, 2020 7:51am Oct 29, 2020 7:51am
If we will manage to gain acceptation below last week pit low 2920, both 2890 and 2860 (pit poor lows) are very possible. If not or if taken out and no acceptation below it, a new retrace is possible.
Monitor for a possible new gap from yesterday pit low 29445. Do not forget that yesterday pit high was very poor at 30135 (carry forward this info)
Ubi maior minor cessat
  • #6,908
  • Oct 29, 2020 7:52am Oct 29, 2020 7:52am
Quoting Lock
{quote} Market generated information: that's all. GB didn't manage to get acceptation above our main refs and here we are again at last week low test. Note the very elongated GB profile. And remember that for upcoming pit session the level to test is slightly different: it is 2920. If we will see it taken out by Pit, current weekly uptrend will be interrupted. If not, watch out for fast recovery upside where we left huge anomalies.
There is an unfilled gap at 1.2895 (October 16)
  • #6,909
  • Oct 29, 2020 7:56am Oct 29, 2020 7:56am
Main refs for upcoming pit are: yes unch 29825, September pit unch 2923 and clearly last pit week low 2920.
Ubi maior minor cessat
  • #6,910
  • Oct 29, 2020 7:57am Oct 29, 2020 7:57am
Quoting pipcenturion
{quote} There is an unfilled gap at 1.2895 (October 16)
I didn't see it: I consider a gap in a different way I suppose.
Ubi maior minor cessat
  • #6,911
  • Oct 29, 2020 7:59am Oct 29, 2020 7:59am
Quoting Lock
Main refs for upcoming pit are: yes unch 29825, September pit unch 2923 and clearly last pit week low 2920.
Downstairs all pips cleared now watching levels for next move
  • #6,912
  • Oct 29, 2020 8:02am Oct 29, 2020 8:02am
Quoting Lock
{quote} I didn't see it: I consider a gap in a different way I suppose.
Noted ref
  • #6,913
  • Oct 29, 2020 8:07am Oct 29, 2020 8:07am
Btw, if something serious will occur downside (take this market a piece at a time obviously) there is also a Tokyo poor low at 2836.
Ubi maior minor cessat
  • #6,914
  • Oct 29, 2020 8:23am Oct 29, 2020 8:23am
I forgot to consider yes pit open 2952: take note as current pre US high is exactly at it.
Ubi maior minor cessat
  • #6,915
  • Oct 29, 2020 8:24am Oct 29, 2020 8:24am
For those who are following me, btw, please subscribe me if you like my notes.
Ubi maior minor cessat
  • #6,916
  • Oct 29, 2020 8:29am Oct 29, 2020 8:29am
The fairest price at which business has been conducted in the last years is 2935 and pit is going to open right here
Ubi maior minor cessat
  • #6,917
  • Oct 29, 2020 8:35am Oct 29, 2020 8:35am
2 pips gap from yesterday pit low preserved for now..
Ubi maior minor cessat
  • #6,918
  • Oct 29, 2020 8:36am Oct 29, 2020 8:36am
2920 approaching: if something has to happen wrong is there. If accepted, instead...
Ubi maior minor cessat
  • #6,919
  • Oct 29, 2020 8:37am Oct 29, 2020 8:37am
2923 Sept unch tagged
Ubi maior minor cessat
  • #6,920
  • Oct 29, 2020 8:40am Oct 29, 2020 8:40am
Quoting Lock
2920 approaching: if something has to happen wrong is there. If accepted, instead...
Weekly trend upside technically is no more. We are now into a weekly balance. Technically...
Ubi maior minor cessat
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