well... 36175 is 2018 May bracket high. It has been an important level in the last weeks. Any serious GB action downside will need acceptation below it.
Ubi maior minor cessat
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DislikedThere is a price bracket made by the last 4 GB sessions: it ranges from Friday low 3651 to current GB absolute high 37455. Currently Tokyo is testing below it, so it is attempting a break from balance. If it will succeed and if GB will approve such an attempt you will see a substantial liquidation, probably down at least to 35895 previous GB poor low. If instead you will see prece rejected below 3651 and eventually accepted above it by GB, you will probably see the total reversal of the entire bracket up to current GB yearly high 37455. Major levels...Ignored
Dislikedprice is retesting breakeven (3651 zone) If rejection above it (or even not reached), we can expect continuation downside (to retest 36175. If acceptation above, we can expect full retracement of the 4 sessions bracket to current year high 37455Ignored
Disliked{quote} two periods above 3651... can we say its accepted now Lock and heading for upper bracket?Ignored
Dislikedprice is retesting breakeven (3651 zone) If rejection above it (or even not reached), we can expect continuation downside (to retest 36175. If acceptation above, we can expect full retracement of the 4 sessions bracket to current year high 37455Ignored
Disliked{quote} Acceptation above 3651 and as you see price retraced up to 3745 zone...Ignored
Monitor for acceptation above 374555 and 3727. Also monitor for the possible formation of a new GB gap upside from yesterday GB high 37015. If these condition will be presented to you from the market we have good possibilities to continue higher or at least remain in balance around current price location.
If instead you will see no acceptation above 37455 and 3727, expect some sort of liquidation: in such a case, note how ugly is yesterday daily profile.
DislikedMain refs for today GB session are: 37455 current GB high for 2021 3727 yesterday GB close and also highest GB close of the year 37015 yesterday GB high Monitor for acceptation above 374555 and 3727. Also monitor for the possible formation of a new GB gap upside from yesterday GB high 37015.Ignored
DislikedIf these condition will be presented to you from the market we have good possibilities to continue higher or at least remain in balance around current price location. If instead you will see no acceptation above 37455 and 3727, expect some sort of liquidation: in such a case, note how ugly is yesterday daily profile.Ignored
Disliked{quote} {quote} GB was not able to find acceptation above 37455 one of its main levels and eventually liquidated: doing so it corrected most of the previous day weak and ugly profile as expected.Ignored
They are all major levels. In particular: if you will see a new gap downside, considering also the spike test we saw yesterday, we can imagine continuation downside to correct at least 35895. Clearly in case of 3686-7 test you do not want to see acceptation above them.
At the opposite, if you will see a clear acceptation above 3686-7 levels and eventually acceleration above them, we can imagine the correction of current weak high at 3758.
Dislikedforcing action downside:watch out. If something will go wrong expect fast correction.Ignored
DislikedNow, in order to morph this correction into something more we need acceptation above major levels around here: 3664, 3686-7. If not watch out again.Ignored
Monitor for acceptation or rejection above each of these levels and act accordingly.
...this is the last day of January, so it is important to see where it will close in relation to other close levels: especially 3727 (highest 2021 GB close) and 3664 (GB 2020 close)
Disliked37225 main GB level for today: it's January GB close and we are slightly above it now. If acceptation above it we can establish a new year high or remain in balance. If acceptation below it we can correct some of the weaknesses left downside, like 3657 GB poor low and more. An other important level is Friday GB spike base at 37015: in case of liquidation can work as support. And if not even reached can mean that the Friday GB test upside is not over yet.Ignored