Thread: s Cable Corner

Originally Posted by ;

quote Recall that present pit session is attempting a breakout below inside week reduced 4025 . Balance rules apply on the timeframe that is daily. Remember that the low of last week that is interior is GB 39795 as written . In the meanwhile notice that as predicted, the entire weak GB session created 30.01 has been completely retraced. quote

Testing 4025 from below...

Originally Posted by ;

quote Testing 4025 from below ...

No acceptation found above 4025 throughout pit session numerous efforts and finally price proceed lower. Again: the importance of market generated info.
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.

Originally Posted by ;

.... In the event of continuation downside remember the possible strong support provided by trend 2009.01.23-2016.02.29. Also note the GB reduced at 39153 that could be taken out in the event of continuation . Finally, remember balance rules both in the event 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.

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.

Originally Posted by ;

Very stretched profile. Watch out. Major composite poc around here is at 3794. Close flaws are at 3729 and 37925. However, I repeat it see.

hai lock. .
As u noted before. .
379xx level is really need to watch. .
Its shoot up from that area. .

Originally Posted by ;

quote hai lock. . As u noted before. . 379xx amount is really need to see . . Its shoot up from this area. .

Quite good. I think you understood the importance of that amount.
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).

Originally Posted by ;

quote Quite good. I think you knew the importance of that amount. Now look at this: GB opened above 39795 GB week that is inside. And it opened with a enormous new gap upside down. So unless a huge portion of this new upside gap from yesterday GB high (3906) will be filled and acceptation obtained back beneath 39795, odds will be in favor into a continuation upsidedown, straight 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.

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.

B within interval: balance rules apply. Very narrow range. Watch out!