3786 Tokyo poor low, can be crucial: if reached and removed we should monitor for rejection or acceptation below it. If acceptation we can aim at 3761 previous GB poor low. If rejection below it we can see a correction upside.

Lock's Cable Corner

3786 Tokyo poor low is a possibility. If this is a continuation of the daily liquidation. But I see a lot of weakness for now. We left upside a double GB gap from yesterday GB low to current GB high. Current B high is at HB. I repeat it, I see ...

Lock's Cable Corner

Note GB testing at the pip 3789 and retraced upside toward 3813. For now it's only overnight correction. It can morph into balance.

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And note that (on a bigger perspective) last week GB close is at 37135: a very serious liquidation should move price below it and gaining acceptation there. Other results will change nothing of current monthly trend upside..

Lock's Cable Corner

So Pit continued down for a little then retraced upside. Tokyo continued lower but went into balance. Some sort of correction of previous days rally. Overall a very weak and poor market. Main levels for GB are: 3849 highest 2021 GB close 38195 ...

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And if continuation downside always remember that monthly trend is upside, so moderate your expectations...

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and here agai, if failure below 38205 new test upside as we are in a rotational enviroment. If acceptation below it continuation downside

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As you may appreciate again..

Lock's Cable Corner

As you see. Now watch out again: if no acceptation above yesterday pit unch 38345 we can retrace again. We need acceptation above it to continue higher.

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And here we are: if failure below 38205 all the way back upside. If not, liquidation can continue

Lock's Cable Corner

If it will not retest 38205 , watch out for correction upside. Only with acceptation below it we can see some serious liquidation. In fact from 38205 to yesterday Pit low we had a double gap that is not filled for a single pip.

Lock's Cable Corner

Consider H1: the last 3 periods, including current one, are one inside the other: full balance and balance rules apply. Go with the break from balance if it will occur and in case of failure revert to the opposite side.

Lock's Cable Corner

Not so easy at all. We should see if Gb will remain in balance or if it will break the balance before preUS open. If it will break the balance upside we can imagine some continuation upside supported by monthly trend. If it will break downside it ...

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back to 3828 as expected

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...and note F period high at HB 3828

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So GB totally disregarded yesterday close at 3849 and immediately went downside to take out the first Tokyo poor low 38205 but only to replace it with its own poor low at 3813 and leaving the second Tokyo poor low in place at 3802, then going into ...

Lock's Cable Corner

We are going to open inside yesterday GB range: if so balance at least initially is expected. Main level for today is yesterday GB close 3849. Evaluate acceptation or rejection above and below it. We have 2 back to back Tokyo poor lows at 38205 and ...

Lock's Cable Corner

Partially wrong as it actually did what expected after acceptation above 3742 and 37495: it did it in a very weak fashion if we want to describe it correctly. And I was to0 impatient after 15 hours of balance... Anyhow Tokyo corrected almost half of ...

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For those interested in stats consider this: we spent almost 15 hours to progress upside 13 pips... And when I wrote pit should not be a balance session as we already saw Tokyo and GB in balance, I was totally wrong.

Lock's Cable Corner

So let's see if E period will liquidate or if it liquidate after. If not maybe it can go above 38 for a test and then liquidate.

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