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FGBL & Friends by MARS

A CONSOLIDATION DAY WITH ALMOST NO VOLUME

9 Juin 2014 , Rédigé par MARS

Market opened with a downard gap, filled it, making its HoD (145.76). At such level reactive Sellers entered into the market and prices gently decreased to 145.33, which was to be LoD. Night session ended some 10 ticks higher.

At 145.65, POC is 6 ticks higher than Friday and there is no HVN.
 

Result is an harami. Associated volume is very small.

Result is an harami. Associated volume is very small.

Shikou Span is still below the candle line and Tenkan Sen ends above prices which are in the cloud.

Shikou Span is still below the candle line and Tenkan Sen ends above prices which are in the cloud.

MA 44 acted as support.

MA 44 acted as support.

Would the retracement continue tomorrow, below 145.30-33 (LoD and MA44) there is PP (145.25) then a former LoD (145.16, mid PP-S1 (144.86 ), S1 (144.48) and finally LoW (144.00).
On the resistance side, above HoD (145.76), there is a HoY (145.99) then R1 (146.48) mid R1-R2 (145.87) and R2 (147.22).

Only a small US statistic at 4pm Berlin time. No idea of what the market could do tomorrow.
 

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