Testing 4025 from below...Originally Posted by ;
No acceptation found above 4025 throughout pit session numerous efforts and finally price proceed lower. Again: the importance of market generated info.Originally Posted by ;
Note also that L span made a last attempt tagging 4025 and then the true action downside happened. Consider 4026 since the rally high test of yesterday pit session: it is going to be today an important reference to evaluate upcoming pit actions.
For upcoming GB session remember that we're in a weekly breakout from balance. The previous GB inside week has, as composed yesterday, these extremes: 39795-4260
So currently we are below its lesser intense 39795: track for acceptation below it after open. Note that tonight Tokyo and yesterday pit session built a new GB gap drawback that is large from yesterday GB. This gap must be maintained for any achievement of the present weekly breakout drawback.
In the event of continuation downside remember the possible strong support provided by trend 2009.01.23-2016.02.29. Note the GB reduced at 39153.
Finally, remember balance rules both in case of success or failure drawback.
Here we're eventually, 39153 labeled. Now it is weaker than before. Btw I have been mesmerized by cost activity up and down inside GB week reduced 39795. So I must admit that I lost money and I am currently covering reduction. Nonetheless, it's my fault. Impatience at open.Originally Posted by ;
So recalled what I wrote concerning the possible strong support offered by trend 2009.01.23-2016.02.29
Let us see if we can eliminate it. Or not.
hai lock. .Originally Posted by ;
As u noted before. .
379xx level is really need to watch. .
Its shoot up from that area. .
Quite good. I think you understood the importance of that amount.Originally Posted by ;
Now look at this: GB opened over 39795 GB interior week low. Plus it started with a huge new gap upside.
Therefore unless a big part of the new upside gap from yesterday GB large (3906) will be filled and acceptation got back beneath 39795, chances will be in favor into a continuation upside, back to the opposite side of GB balance (42745).
Obviously, if rather GB will liquidate abruptly from here and will figure out how to regain acceptation below within GB week reduced (39795) then you may seriously take under account the prospect of a failed evaluation back inside weekly balance. And, as a consequence, you'll be ready to continue lower in the direction of the weekly break drawback.Originally Posted by ;
I also suggest to note that 40547 is the half back (mid level) of this previous action disadvantage from 25.01 into 09.02:
acceptation above it's required for any continuation upside.
A verified failure above it could have a substantial impact upon current market retest inside GB week equilibrium.