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Lock's Cable Corner

  • #6,921
  • Oct 29, 2020 8:41am Oct 29, 2020 8:41am
Quoting Lock
2920 approaching: if something has to happen wrong is there. If accepted, instead...
now you want acceptation below it (2920) for serious continuation.
Ubi maior minor cessat
  • #6,922
  • Oct 29, 2020 8:43am Oct 29, 2020 8:43am
Meanwhile USDX is taking out last 3 weeks highs
Ubi maior minor cessat
  • #6,923
  • Oct 29, 2020 8:47am Oct 29, 2020 8:47am
Quoting Lock
{quote} Weekly trend upside technically is no more. We are now into a weekly balance. Technically...

Markets generally go from trend to balance and then trend again: so, normally in such a case we should expect weekly balance and not the immediate reverse of the trend...
Ubi maior minor cessat
  • #6,924
  • Oct 29, 2020 9:03am Oct 29, 2020 9:03am
Quoting Lock
2920 approaching: if something has to happen wrong is there. If accepted, instead...
reaction has been intense at 2920. Now let's see if we will have balance around 2935 major poc, a new test of 2920 or a substantial correction upside.
Ubi maior minor cessat
  • #6,925
  • Oct 29, 2020 9:04am Oct 29, 2020 9:04am
Quoting Lock
{quote} reaction has been intense at 2920. Now let's see if we will have balance around 2935 major poc, a new test of 2920 or a substantial correction upside.

elevator upstairs
  • #6,926
  • Oct 29, 2020 9:06am Oct 29, 2020 9:06am
Quoting Lock
2 pips gap from yesterday pit low preserved for now..
and it's still in place: monitor it carefully as it could be a significant info.
Ubi maior minor cessat
  • #6,927
  • Oct 29, 2020 9:15am Oct 29, 2020 9:15am
Quoting Lock
{quote} reaction has been intense at 2920. Now let's see if we will have balance around 2935 major poc, a new test of 2920 or a substantial correction upside.
new test of 2920
Ubi maior minor cessat
  • #6,928
  • Oct 29, 2020 9:24am Oct 29, 2020 9:24am
Quoting Pixie666
{quote} elevator upstairs
it could be: but watch out. Evaluate reaction if mini gap will be filled. if.
Ubi maior minor cessat
  • #6,929
  • Oct 29, 2020 9:25am Oct 29, 2020 9:25am
USDX conflicting info. Let's see. It is not easy.
Ubi maior minor cessat
  • #6,930
  • Oct 29, 2020 9:27am Oct 29, 2020 9:27am
B inside period: balance rules
Ubi maior minor cessat
  • #6,931
  • Oct 29, 2020 9:33am Oct 29, 2020 9:33am
Quoting Lock
{quote} and it's still in place: monitor it carefully as it could be a significant info.
Gap filled but we want to stay above yes low... if not...
Ubi maior minor cessat
  • #6,932
  • Oct 29, 2020 9:52am Oct 29, 2020 9:52am
Quoting Lock
USDX conflicting info. Let's see. It is not easy.
I told you...
Ubi maior minor cessat
  • #6,933
  • Oct 29, 2020 9:52am Oct 29, 2020 9:52am
Quoting Lock
{quote} Gap filled but we want to stay above yes low... if not...
if not all the way back to retest 2920...
Ubi maior minor cessat
  • #6,934
  • Oct 29, 2020 9:53am Oct 29, 2020 9:53am
Quoting Lock
{quote} it could be: but watch out. Evaluate reaction if mini gap will be filled. if.
And this, I must admit, comes only from my experience.
Ubi maior minor cessat
  • #6,935
  • Oct 29, 2020 9:54am Oct 29, 2020 9:54am
Quoting Lock
{quote} And this, I must admit, comes only from my experience.
  • #6,936
  • Oct 29, 2020 9:55am Oct 29, 2020 9:55am
Now, considering the situation we could fail again and remain into balance or continue lower toward 2890 and 2860
Ubi maior minor cessat
  • #6,937
  • Oct 29, 2020 10:09am Oct 29, 2020 10:09am
just for info: 2909 is an old pit December low...
Ubi maior minor cessat
  • #6,938
  • Oct 29, 2020 10:13am Oct 29, 2020 10:13am
Quoting Lock
just for info: 2909 is an old pit December low...
so I think the real support has been 29075 10.16 pit week close.
Ubi maior minor cessat
  • #6,939
  • Oct 29, 2020 10:18am Oct 29, 2020 10:18am
Note that USDX finally took out previous weeks highs. Now things can change as if it will encounter strong resistance upside and not acceptation above them we could see this reflected into cable. So monitor carefully the possible acceptation or rejection below 2920 and watch carefully USDX..
Ubi maior minor cessat
  • #6,940
  • Oct 29, 2020 10:35am Oct 29, 2020 10:35am
btw have a look at this pit daily chart....
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-10-29_8-33-48_daily.png Size: 44 KB
Ubi maior minor cessat
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