Trading Edges That Last
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Lawrence’s Comment
Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook
Now lower and higher timeframes are aligned. Lower timeframes completed its measured down move while higher timeframes’ support at Y-2 is right below. As long as Y-2 / B-1 acting as support, another swing bottom will be in place with 1st target above B+1.
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