36735 GB Jan open...

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while 3687 is GB yearly open... and 3686 GB 2020 absolute high...

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note that 37015 is February absolute open (Sydney): monitor for acceptation or rejection above it...

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3667 yesterday during pit session was too weak: it took it out as expected and closed higher. The problem is that it left a poor low at 3651 that you now have to put together with yesterday GB poor low at 3566 summed with the ugly news related ...

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We have 4 periods' highs at 3667: it should not last

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Watch out as we do not have a good monthly low nor we have a good session low. Monitor for acceptation or rejection above major levels to understand if it will be able to take out current weak high 3758 now or not. If no acceptation above: 3642 Year ...

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Now, considering the upcoming news I strongly suggest to be very prudent. About current GB situation note that we still do not have a good yearly high at 3758 (take note of this simple fact as something will go wrong downside.) GB opened with a new ...

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Proportionally: yearly > monthly > daily and so on

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...and finally, medium timeframes are aware of such levels and they play against those who take them as entry zones. So typically, if you are a short time frame trader you have batter to stay aside with bigger participants...

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But watch out as these kind of actions are typical of short term traders: major ones do not care at all of such levels and if they enter they can change the game dramatically.

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The reason for that is easy to understand: if you take a position close to a major level, you have always a good location to place your stops. if you are right you'll profit substantially (going toward the next major level that is generally pretty ...

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and as you see we are back at it (3642)

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Also note that D period went upside and retraced 1 single pip below 3664 2020 GB close... So as yuo see market perticipants are using only major refs to step in..

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In general, always evaluate market action considering the major levels, especially if close to current price action: today GB opened, went upside, tested GB January open 36735, failed above it, then went down and retrace only 1 single pip above 3640 ...

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..that btw is now weak as it is a perfect tag: take note. And monitor for all the references of this zone

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yes... especially considering that GB tagged yesterday GB close at 3642...

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Yesterday GB found acceptation below main levels (3687,3686 and 36715), then preUS and Pit performed the correction downside removing the main weaknesses I wrote about (36485, 36394 and 3623) Main levels for today GB session are the same as ...

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Major levels are all here: 3687 GB year open 3686 GB 2020 high 36715 GB yesterday close 3664 GB 2020 close Furthermore we left huge anomalies and weaknesses both upside and downside, like: Upside: 3758 GB yearly weak high 3746 Pit yearly poor high ...

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Yes: I period high tagged half back again. So the GB session has a very weak structure coming down. But now new participants will step in. So you have to take into consideration both, GB weaknesses upside and what US participants will need to do ...

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Friday pit session has been an inside one: its range is included into Thursday pit session range. So consider any attempt above or below it as an attempted breakout from balance: balance rules apply. I will not be present during US sessions

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