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Lock's Cable Corner

  • #7,581
  • Nov 18, 2020 9:42am Nov 18, 2020 9:42am
Anyhow, again: I've to go. Sorry. Have a nice continuation.
Ubi maior minor cessat
  • #7,582
  • Nov 18, 2020 11:26am Nov 18, 2020 11:26am
Quoting Lock
{quote} if acceptation above 3314 /3319 next level for pit is 3351. If failure above 3314 or 3319, balance or liquidation to 3297 as a first step. Then 3278.
Quoting Lock
C period low at half back: take note And pit went short of 3314 for 2 pips: not a good sign for continuation upside. But let's see.
It failed even to reach 3314, went to 3297 first (coming into balance) then liquidate toward re-test 3278... Now I do not know it if will able to reach and test 3278 or if it will remain in balance. In any case if it will reach it we will have to see if it will be rejected below or if it will be accepted.
Ubi maior minor cessat
  • #7,583
  • Nov 18, 2020 11:31am Nov 18, 2020 11:31am
Quoting Lock
{quote} {quote} It failed even to reach 3314, went to 3297 first (coming into balance) then liquidate toward re-test 3278... Now I do not know it if will able to reach and test 3278 or if it will remain in balance. In any case if it will reach it we will have to see if it will be rejected below or if it will be accepted.
I mean if reached and rejected below we can imagine a new test of current high 3312. If not reached, again a re-test of current high is possible. If instead it will be accepted we can imagine a substantial liquidation. Toward 32595 for 2019 pit unch retest and eventually to take out 3239
Ubi maior minor cessat
  • #7,584
  • Nov 19, 2020 2:06am Nov 19, 2020 2:06am
Quoting Lock
{quote} I mean if reached and rejected below we can imagine a new test of current high 3312. If not reached, again a re-test of current high is possible. If instead it will be accepted we can imagine a substantial liquidation. Toward 32595 for 2019 pit unch retest and eventually to take out 3239
It did everything but after pit close: in the last days it looks like is a common thing to let Sydney finish the job for pit.
Ubi maior minor cessat
  • #7,585
  • Nov 19, 2020 2:09am Nov 19, 2020 2:09am
Quoting Lock
{quote} It did everything but after pit close: in the last days it looks like is a common thing to let Sydney finish the job for pit.
Yes it’s been like these past week or so
  • #7,586
  • Nov 19, 2020 2:12am Nov 19, 2020 2:12am
GB opened with a new gap from yesterday GB low 3264, so main levels are:

  1. yes GB close (highest GB close of November) 32975 (that is also yesterday GB high)
  2. yes GB low downside gap base 3264
  3. old GB spike base 3250
  4. Brexit low 3227
  5. 2019 GB close 3194
  6. GB October high 3150

In order to make a new attempt toward 3319 we should gain acceptation above all these levels. In the opposite situation, any acceptation below each of these refs, can provide as target the following one downside, eventually toward retest of GB October high 3150.

Ubi maior minor cessat
  • #7,587
  • Nov 19, 2020 2:24am Nov 19, 2020 2:24am
I forgot to mention 3200 that is GB 11.17 open level and, more than everything, is the top of the 2 session balance from which the last GB attempt upside originated: so it is a crucial level. Take care of it!
Ubi maior minor cessat
  • #7,588
  • Nov 19, 2020 2:56am Nov 19, 2020 2:56am
Now, take note of the fact that Sydney, Tokyo and current GB are building a substantial new pit gap downside (GB until now) from yesterday pit low 3265 and we are currently inside a previous pit gap upside (32045-3239) if GB and PreUS will manage to close below this gap upside then it will become a double pass one. So the current low of this gap at 32045 is very important (for current GB session but especially for next preUS).
Ubi maior minor cessat
  • #7,589
  • Nov 19, 2020 3:01am Nov 19, 2020 3:01am
B inside period: balance rules apply. Watch out below 32045: monitor the possible reaction at 3200 and/or 3194.
Ubi maior minor cessat
  • #7,590
  • Nov 19, 2020 3:09am Nov 19, 2020 3:09am
C at half back.. not a good sign...
Ubi maior minor cessat
  • #7,591
  • Nov 19, 2020 3:21am Nov 19, 2020 3:21am
Quoting Lock
C at half back.. not a good sign...
who sell and/or buy at half back?? Now it went 2 pips above it, then is different...
Ubi maior minor cessat
  • #7,592
  • Nov 19, 2020 3:23am Nov 19, 2020 3:23am
C inside B inside A period....
Ubi maior minor cessat
  • #7,593
  • Nov 19, 2020 3:28am Nov 19, 2020 3:28am
..furiously selling at half back... it can give us surprises...
Ubi maior minor cessat
  • #7,594
  • Nov 19, 2020 3:29am Nov 19, 2020 3:29am
Quoting Lock
..furiously selling at half back... it can give us surprises...
if we get acceptation above 3227 those sellers will be severely punished..
Ubi maior minor cessat
  • #7,595
  • Nov 19, 2020 3:29am Nov 19, 2020 3:29am
Quoting Lock
..furiously selling at half back... it can give us surprises...
I am just closed all downstairs positions this morning
  • #7,596
  • Nov 19, 2020 3:30am Nov 19, 2020 3:30am
Quoting Lock
{quote} if we get acceptation above 3227 those sellers will be severely punished..
if rejection at 3227 back to current low and test 3250 and 3194
Ubi maior minor cessat
  • #7,597
  • Nov 19, 2020 3:31am Nov 19, 2020 3:31am
Quoting Pixie666
{quote} I am just closed all downstairs positions this morning
D attempting rally upside C period and let's see above 3227 and B period high...
Ubi maior minor cessat
  • #7,598
  • Nov 19, 2020 3:58am Nov 19, 2020 3:58am
Quoting Lock
{quote} if rejection at 3227 back to current low and test 3250 and 3194
failed above B period high and above 3227 and here we are at the opposite side of B: test of 3250 and 3194 or ugly balance?
Ubi maior minor cessat
  • #7,599
  • Nov 19, 2020 4:01am Nov 19, 2020 4:01am
Quoting Lock
B inside period: balance rules apply. Watch out below 32045: monitor the possible reaction at 3200 and/or 3194.
nothing change: the same risks the same opportunities.
Ubi maior minor cessat
  • #7,600
  • Nov 19, 2020 4:02am Nov 19, 2020 4:02am
If test (and acceptation) below 3194 we still have to test 3175 and 31615 before to reach the main test 3150 GB October high. So take care as it is not a simple market.
Ubi maior minor cessat
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