3694 yesterday GB low: gap filled. Now let's see. If if it want to retrace it all (yesterday GB range) or if it is enough.

Lock's Cable Corner

Failure below 3664 and back to year absolute open 3687. Now, watch out as if it will not get acceptation above it we can have a new test downside. If acceptation , we can see a full reversal.

Lock's Cable Corner

Note the importance of 3664. Other levels below it, in case of test, are 3640 2021 absolute year open and 3637 Friday GB spike base.

Lock's Cable Corner

3664 is GB 2020 year close: main level for today. If GB will open around here we will have a new gap downside from yesterday GB low 3694 (gap base if gap at open) Below 3694 we also have the other 2 main levels for today: GB 2021 year open at 3687 ...

Lock's Cable Corner

I've nothing against the possibility to see the end of this monthly trend and eventually its reversal. I simply do not know. Clearly we have huge things to do downside and I will not be surprised at all to see a substantial liquidation at least to ...

Lock's Cable Corner

From current Pit yearly high 37105 to 3731 there is an old pit gap downside (2018.04.30-05.01) so if Pit will open above 3731 it will become a double pass gap. In any case if we you will see price around this zone (above, below or inside it) at Pit ...

Lock's Cable Corner

We are in a monthly trend upside, in a weekly balance and again in a daily trend upside. (just to give a broad perspective to current environment.) We do have a good high both for GB and Pit sessions. While we do not have a good December low (nor we ...

Lock's Cable Corner

I consider different year opens and highs depending upon sessions: GB, Pit and so on. Obviously there are absolute highs and opens and so on...

Lock's Cable Corner

Current GB high is a perfect tag of previous 2021 GB year high 3701: so it is a weak level now. This does not mean it cannot liquidate considering the ugly structure left downside from yesterday.

Lock's Cable Corner

Very weak progression upside from yesterday pit session. New GB gap upside at open (possible) Main levels are all close to current price location: 3687 GB YEAR open 3686 2020 ABSOLUTE HIGH 3664 GB (and PIT) YEAR 2020 close 3640 YEAR 2021 ABSOLUTE ...

Lock's Cable Corner

And 3637 is Friday GB spike downside base.

Lock's Cable Corner

here we are at 36175...our main decisive level for GB

Lock's Cable Corner

35975 is last week GB close and 35825 is GB first week of January close and also yesterday GB close: so for any serious continuation downside you want to see price accepted below both of them. If not..

Lock's Cable Corner

3613 GB Friday low and also double pass gap base (just below our 36175) If not reached or rjected above expect liquidation. If accepted above expect continuation toward 37

Lock's Cable Corner

And if it will not stop this action upside (36175) it can spike from there in order to correct the last liquidation up to 37 zone

Lock's Cable Corner

Current 3608 (multiple test by Tokyo) is an important level for GB. Take note also of 36175: it has been a crucial level in the last weeks. And it is slightly above the GB double gap zone...

Lock's Cable Corner

Levels are exactly the same of yesterday as we are around last week GB close 35975. Monitor for acceptation or rejection below or above it. And note that currently we are inside a GB gap zone (between Friday GB low and yesterday GB high)

Lock's Cable Corner

At the opposite, if you'll see price accepted above last 2 GB weeks close: expect a correction upside immediately or at least balance.

Lock's Cable Corner

Note that I'm speaking of "liquidation" as the structure left upside is very poor and even if we got a good year high I do not like the way it went downside. So after the liquidation a new test upside is again very possible.

Lock's Cable Corner

35825 is the first GB Jan week close, while 35975 is the second last GB week close: we are going to open with a new possible GB gap downside from GB Friday low. And we have the 2 triple GB gaps left downside very close to current price action. ...

Lock's Cable Corner