Disliked{quote} This up move looks finalized to fill the volume for the morning gap down and remove the too many single pips of D period going down during news. As said D period high is also weak because it was a test of the yesterday Tokyo close made by the last period of Tokyo today*.Ignored
DislikedNow, A period is weak as it is back to back with a previous GB low, B C and E lows made a cluster m30 at a previous very important GB reference (base of the spike of 07.11), F period low is at round 2950 while current G period low is at half back: so all this move is very very weak right now.Ignored
DislikedIn conclusion the targets above you underline are clearly possible but we have to obtain a strong acceptation inside yesterday GB range before. If price will be rejected by yesterday GB range, the targets above will be a possible work for upcoming pit sessions. *The last period of Tokyo session is part of the GB session and is period D.Ignored
Disliked{quote} ... Last J period could perform a spike to attempt an evasion from this impasse. (specially if I period will remain inside bar of H) If not, preUS is going to open inside yesterday pit range (29535-30136) and in this case we could expect initial acceptation of that range and possible test above and/or below it. Best L.Ignored
Now, if J will not be able to finish the correction job downside we could have this done by upcoming preUS. But preUS, without a gap will open inside yesterday pit range and consequently still in the zone of attraction of the main poc at 2968.
If instead J will finish its duty it could build a gap for upcoming preUS and consequently, if this gap will not be retraced quickly, we could have some odds to continue lower to take out the old weaknesses there.
Ubi maior minor cessat