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Lock's Cable Corner

  • #7,821
  • Nov 30, 2020 1:53am Nov 30, 2020 1:53am
We are going to open inside Friday GB session range: balance at least initially expected.
Ubi maior minor cessat
  • #7,822
  • Nov 30, 2020 2:05am Nov 30, 2020 2:05am
Note 33285 last week GB open: without acceptation below it no continuation downside possible.
Ubi maior minor cessat
  • #7,823
  • Nov 30, 2020 2:11am Nov 30, 2020 2:11am
Quoting Lock
Note 33285 last week GB open: without acceptation below it no continuation downside possible.
And as written in the first post 33415 currently in test is the low of GB inside 26.11 session range. Acceptation above or below it is crucial to understand following action.
Ubi maior minor cessat
  • #7,824
  • Nov 30, 2020 2:57am Nov 30, 2020 2:57am
Quoting Lock
{quote} And as written in the first post 33415 currently in test is the low of GB inside 26.11 session range. Acceptation above or below it is crucial to understand following action.
How do you define acceptance above or below a level? Is it a candle close above or below the level?
  • #7,825
  • Nov 30, 2020 4:03am Nov 30, 2020 4:03am
Quoting pipcenturion
{quote} How do you define acceptance above or below a level? Is it a candle close above or below the level?
a couple of periods closed above or below a certain level will mean "technically" acceptation. But I suggest to read somewhere in the last previous posts my note about this topic as there are many factors involved in to it, not only periods closed here and there.
Ubi maior minor cessat
  • #7,826
  • Nov 30, 2020 4:05am Nov 30, 2020 4:05am
Quoting Lock
So, in relation to previous posts, here are the GB major ref of today: GB inside session range low 33415 : with acceptation above it by upcoming GB session the opposite side of GB inside session balance (3378) is very possible. GB week close 3306 : no continuation downside without acceptation below this level is possible during GB session. GB inside session range high 3378 : acceptation above it could lead to a retest of current November weak high 3398 and possibly to a first serious test of major trendline above 3400. At the opposite if...
Note GB tagged twice 3306 without gaining acceptation below it. For now. And now is re-testing from below 33285 last week GB open
Ubi maior minor cessat
  • #7,827
  • Nov 30, 2020 4:31am Nov 30, 2020 4:31am
E inside period and balance rules apply
Ubi maior minor cessat
  • #7,828
  • Nov 30, 2020 4:50am Nov 30, 2020 4:50am
Current one and previous periods too narrow: watch out. Something can happen here.
Ubi maior minor cessat
  • #7,829
  • Nov 30, 2020 5:17am Nov 30, 2020 5:17am
Quoting Lock
E inside period and balance rules apply
Attempted rally from E and F both inside periods and re-testing 33415 from below. Note G period low at HB: carry forward this info and add it to current GB poor low.
Ubi maior minor cessat
  • #7,830
  • Nov 30, 2020 5:19am Nov 30, 2020 5:19am
3351 today GB open but also GB weekly open.
Ubi maior minor cessat
  • #7,831
  • Nov 30, 2020 5:22am Nov 30, 2020 5:22am
Quoting Lock
Note 33285 last week GB open: without acceptation below it no continuation downside possible.
Note that this attempted rally originated from inside E and F periods balance but also exactly at last week GB open 33285 that at that moment in time was also half way back of current GB session.
Ubi maior minor cessat
  • #7,832
  • Nov 30, 2020 5:25am Nov 30, 2020 5:25am
Quoting Lock
{quote} Attempted rally from E and F both inside periods and re-testing 33415 from below. Note G period low at HB: carry forward this info and add it to current GB poor low.
When and if some major level upside will bounce this action (major trenline?) these levels (33285 half back and 3306 poor low) will be perfect target as are big weaknesses. This is the reason I'm telling you to carry forward such info
Ubi maior minor cessat
  • #7,833
  • Nov 30, 2020 5:29am Nov 30, 2020 5:29am
33555 11.26 GB close tagged (it is the inside GB session close)
Ubi maior minor cessat
  • #7,834
  • Nov 30, 2020 5:30am Nov 30, 2020 5:30am
Quoting Lock
3351 today GB open but also GB weekly open.
You want to get acceptation above it (3351 GB week open and today GB open) for continuation upside. If not...
Ubi maior minor cessat
  • #7,835
  • Nov 30, 2020 5:40am Nov 30, 2020 5:40am
Quoting Lock
{quote} When and if some major level upside will bounce this action (major trenline?) these levels (33285 half back and 3306 poor low) will be perfect target as are big weaknesses. This is the reason I'm telling you to carry forward such info
Now on m30 chart we are right now testing major trendline (around 3363). Not the same thing on bigger charts (H4, D1, weekly and monthly). In any case be aware of what is occurring also in your timeframe.
Ubi maior minor cessat
  • #7,836
  • Nov 30, 2020 5:44am Nov 30, 2020 5:44am
Quoting Lock
{quote} Now on m30 chart we are right now testing major trendline (around 3363). Not the same thing on bigger charts (H4, D1, weekly and monthly). In any case be aware of what is occurring also in your timeframe.
Andthis is the reason I generally do not take care so much of trendlines: as they vary upon different timeframes.
Ubi maior minor cessat
  • #7,837
  • Nov 30, 2020 5:46am Nov 30, 2020 5:46am
On bigger timeframes the trend line should be somewhere above 3400: and this could let us to take out current montly poor and weak high.. But it's only a possibility.
Ubi maior minor cessat
  • #7,838
  • Nov 30, 2020 5:59am Nov 30, 2020 5:59am
entering into the last 2 GB periods...
Ubi maior minor cessat
  • #7,839
  • Nov 30, 2020 6:09am Nov 30, 2020 6:09am
Quoting Lock
{quote} a couple of periods closed above or below a certain level will mean "technically" acceptation. But I suggest to read somewhere in the last previous posts my note about this topic as there are many factors involved in to it, not only periods closed here and there.
Thanks!
  • #7,840
  • Nov 30, 2020 6:36am Nov 30, 2020 6:36am
Quoting Lock
{quote} When and if some major level upside will bounce this action (major trenline?) these levels (33285 half back and 3306 poor low) will be perfect target as are big weaknesses. This is the reason I'm telling you to carry forward such info
those at HB 33285 are no more. Those who bought at 3306 poor low are still in place. It can be not over yet upside. Waiting for new participants.
Ubi maior minor cessat
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