Trading Edges That Last
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Lawrence's Comment Recap Multiple pushes to the downside failed to push the price lower. After a FBO against week low printed earlier in the week, a rally was resulted. Closed the week ...READ MORELawrence's Comment Recap Instead of testing Y-1 first, ninja opted for test of Y-0 zone resistance first. That forced a drop in ninja back down to Y-1 later in the week. Closed ...READ MORELawrence's Comment Recap No retest of the support trendline. Instead, follow thru with another straight up rally for 4 days in a row. Found resistance near Y+2. Closed the week above midpoint ...READ MORELawrence's Comment Recap Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint. Outlook This ...READ MORELawrence's Comment Recap Took a whole week of up drift to go back up to the top of the resistance zone mentioned last week. Tight range and no conviction. Closed the week ...READ MOREUSDCAD Feb 11 to Feb 15 OutlookUSDJPY Jul 21 to Jul 25 OutlookHot n Cold (YM) 2020-4-9Dow 30 May 13 to May 17 OutlookGBPUSD May 18 to May 22 Outlook3DP Odds Table (DIA) 2023-04-04Real-time Commentaries 2012-8-173DP Odds Table (DIA) 2021-04-26EURUSD Nov 18 to Nov 22 Outlook3DP Odds Table (DJIA) 2023-01-13
As Featured In
Dow 30 Oct 28 to Nov 01 Outlook
Lawrence’s Comment
A repeat of previous week’s tight range up drift. Supports were bought and no weaknesses / price break to sell into. 2nd test of previous week close gave Dow a reason to go higher and tagged Y+2. Closed the week at Y+2 and week high.
Outlook
2nd week in a row with reduced range. Breakout mode in place.
Probably surprsing to many, the odds favour a breakout to the upside first. Whiplash actions potential.
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