DislikedNow, considering the situation we could fail again and remain into balance or continue lower toward 2890 and 2860Ignored
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DislikedNow, considering the situation we could fail again and remain into balance or continue lower toward 2890 and 2860Ignored
Disliked{quote} The first one has been taken out: I took off some from my position. Have a nice tradingIgnored
Now, in order to reach 30255 we need to have acceptation above all of previous levels... So any time you will not find acceptation above one of them take your time to think at the odds we have to continue any higher to the next level. Take this market a piece at a time.
If instead you'll see price continuing lower and gaining momentum you may ask yourselves where are the possible limits of such an action downside.
Here you are:
for GB we have
These are the levels that can impact in a possible continuation downside. In my opinion obviously.
For upcoming GB session monitor for the formation of a new possible gap from yesterday GB low at 2937.
PS: monitor USDX as it took out a lot of stops yesterday. If it will not find new buyers above such levels it could retrace and eventually impact on cable.
DislikedMaybe I didn't underline an info here: this is the last GB session of October. 29185 is both the last week GB low and September GB close. So it clearly represents a very important level today as anyone want to see how and if October will close below September. And in fact note the Tokyo pretest of it with H period high...Ignored
Disliked2937 yesterday GB low: new gap downside: monitor for filling of it, or not.Ignored
Disliked{quote} And if it will fill it, monitor for acceptation or rejection above 2937. Carefully.Ignored
Disliked{quote} How interesting: last GB session of October is going to open and price is almost exactly at September GB close 29185... the importance of market generated information.Ignored
Disliked{quote} {quote} no acceptation above 2937 and here is an other test of 29185Ignored
Disliked{quote} Note that any meaningful continuation downside need clear acceptation below 29185. If not...Ignored
Disliked{quote} And if it will fill it, monitor for acceptation or rejection above 2937. Carefully.Ignored
Disliked{quote} Now watch out if it will retest 2937 and fail again. This will be different in the result!Ignored