Disliked34295 GB 2019 is also close to yesterday GB pull back low (just a pip above it): this level can be crucial for next GB development even if not reached.Ignored
Ubi maior minor cessat
Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow 785 replies
Updating stops to lock in profits 3 replies
lock pattern for global variable in MT4 2 replies
Disliked34295 GB 2019 is also close to yesterday GB pull back low (just a pip above it): this level can be crucial for next GB development even if not reached.Ignored
DislikedAs it will be crucial 3466 that is 2020 current GB high... Acceptation above it can mean continuation upside. Rejectin above it, a possible liquidation.Ignored
Disliked34145 is highest GB close of September 2020: it was the highest close before yesterday GB close at 34955: if it will fail below it next attempt will be to yesterday GB close...Ignored
Disliked34145 is highest GB close of September 2020: it was the highest close before yesterday GB close at 34955: if it will fail below it next attempt will be to yesterday GB close...Ignored
Disliked34145 is highest GB close of September 2020: it was the highest close before yesterday GB close at 34955: if it will fail below it next attempt will be to yesterday GB close...Ignored
So, in order to revert current main action upside as a first step we should come back inside weekly balance and obtaining acceptation below its range high 32975, if not the weekly trend will be confirmed and current absolute 2020 high can be challenged 34935 GB, 35365 Pit, 35395 PreUS absolute.
If GB will instead manage to get acceptation below its weekly balance range high 32975 from which is attempting to rally, we could start to think at a possible further attempt toward GB monthly balance range high - GB October high 3150 - and then, in case of acceptation below it we can start to think at a total inversion of current trend.
As you see my suggestion is to take this market a step at a time and to monitor for acceptation or rejection below or above major references avoiding planning possible moves without necessary confirmations.
Major GB refs for today are>
If GB will not manage to gain acceptation below such references an attempt toward 32975 is highly improbable and a new test of current GB high 34935 is very possible. At the opposite if you-ll see price accepted below these levels a test of GB weekly balance high 32975 is more than probable.