Main levels for upcoming GB are all very important ones: 3689 GB yesterday close and current highest 2021 close 3687 GB 2021 year open 3686 GB 2020 absolute high 3664 GB 2020 year close 3640 absolute open level for 2021 Acceptation above them could ...

Lock's Cable Corner

Eventually pit session rallied above 3667 and managed to correct weak year high 3703-05. Now we have a good year high: this does not mean it will remain as it is now.

Lock's Cable Corner

Well, I'm off. See you later or tomorrow. In the last couple of months we saw a very indecisive and weak market overall. It's tradable but definitely not an easy one. About today we are simply balancing (like yesterday) after the previous day rally ...

Lock's Cable Corner

Only weak daily traders involved for now: note GB range between yesterday GB open 36805 and yesterday GB close 3629. Plus current period high, again at HB (second time today) Also the last 2 periods' highs D and E are both at today open level 3656

Lock's Cable Corner

Structure downside is ugly. Plenty of weaknesses to correct (and punish). But as always take this market a piece at time (unless you are bigger timeframe trader)

Lock's Cable Corner

Well, back to year open 3640... nothing happened this year till now... at all

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And now B inside period: balance rules apply

Lock's Cable Corner

An other very very tricky GB session: note B period high at HB level.

Lock's Cable Corner

3667, here we are watch out...

Lock's Cable Corner

Now, the interesting things occurred yesterday are: nobody managed to re-test current yearly weak high at 3703-05 (and we also have now a second weak zone just below it where GB managed to tag yesterday Tokyo high) yesterday pit session is an inside ...

Lock's Cable Corner

Above 3703-05 (where the deepest yearly profile valley actually is) we have the 2018 February-April monthly bracket: it is the monthly balance (or bracket if you like) from which all you saw from March 2018 occurred till now. So it is clearly a ...

Lock's Cable Corner

Note GB action: 3664 to 3686....

Lock's Cable Corner

Tokyo tested 2020 GB absolute high 3686. Other main levels are clearly GB 2020 year close 3664 and yesterday GB close 3635. In order to understand if it will try to test current weak yearly high around 3703-05 I suggest to monitor for the creation ...

Lock's Cable Corner

It's a very weak environment: I suggest to be very very prudent. Poor high, poor low, a lot to do downside, a lot to do upside. Very tricky. And it can liquidate. See you later or tomorrow. I'll not trade preUS and Pit probably.

Lock's Cable Corner

after 3582 there is 3608 (for now only tagged) after that we can eventually aim to something more. Take the market a step at a time. 37 is the weak yearly high. It's a direction (a possible one) more than a target.

Lock's Cable Corner

Note the importance of 3557: it has been the breakeven of current rally upside. Now 35825 is last week GB close: for any serious continuation upside we need acceptation above it.

Lock's Cable Corner

We do not have a good yearly high at 3703-5 as we do not have a good yearly low around 3450-1. If GB will open above 3557 it will open above a series of multiple gaps (double gap 3557-3516 containing the triple gap 35295-3522, and below them double ...

Lock's Cable Corner

While confirming that we do not have a good yearly high at 3703/04, note that we are very close to the GB triple pass gap zone 3450-3468: if so at GB open consider this zone of great interest for GB participants... Note also that if at GB open we ...

Lock's Cable Corner

Clearly we do not have a good yearly high at 3703/4 as it is a Tokyo poor high only tagged by GB high.* Structure downside is ugly as it was before year close (even though we got some small correction) *note anyhow that this level coincides (3705) ...

Lock's Cable Corner

You know what? I think my last positions made my day and probably I'll not be present tomorrow... so I wish everyone a happy new year! Have a nice continuation and see you soon.

Lock's Cable Corner