Disliked{quote} I was partially wrong as GB managed with complex maneuvers without waiting for preUS to test of its own the absolute PreUS high 35395: now the game is clearly in the hands of upcoming preUS and Pit participants: As written, anyhow, for continuation upside we need clear acceptation of Pit above this level. If rejected, I can see only a substantial liquidation. If accepted, watch out as it can be something serious. Note that there is an old Pit gap downside from 3556 to 35365. Pit can be interested...Ignored
Then, from yesterday evening until now we saw a complete reversal upside: the game now is about a possible new gap upside from yesterday GB high 3549. Monitor carefully for GB open level. Above or below 3549. Yesterday GB close is at 3502: for continuation upside you want to see price accepted above 3502 and 3549. If acceptation above them I can see a possible GB rally up to 36175 (as first step, and then eventually up to 3666 GB old 1 pip gap)
If accepted below, instead, an other substantial liquidation is possible, down to GB November high 3397
Ubi maior minor cessat