Trading Edges That Last
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Lawrence's Comment Recap Not only did Nasdaq rally backup, it gapped thru the open gap established the week before and then sold off to fill that from above. Later in the ...READ MORELawrence's Comment Recap Sideway actions expected yet news shock forced ninja to breakout to the downside. Cleared Y-1 decisively and turned into resistance. 200% absolute range expansion. Closed the week near Y-3 ...READ MOREPrecog Vision – Forex 2015-10-26S&P 500 Apr 22 to Apr 26 OutlookUSDCAD Apr 27 to May 01 OutlookPrecog Vision – Forex 2013-9-9Nasdaq 100 Oct 03 to Oct 07 OutlookIntraday Cycle Projection (USDJPY) 2023-02-22USDJPY Apr 11 to Apr 15 OutlookIntraday Cycle Projection (USDJPY) 2021-11-02USDJPY Dec 14 to Dec 18 Outlook3DP Odds Table (USDJPY) 2020-04-21
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USDJPY Feb 17 to Feb 21 Outlook
Lawrence’s Comment
As expected ninja consolidated to the down side. Dropped down to Y-0. Closed the week near Y-0 and below midpoint.
Outlook
Very tricky setup with 2 completely opposite outcomes.
First, if the weekly buying can hold ninja up at Y-0 / B-1 area, the next daily / weekly up leg will begin. This is the bullish scenario for the week.
Second, if ninja fails to hold B-1, it may flush to a lower low against Y-1. This is the bearish scenario for the week but not bearish at all on the weekly chart until it turns into all out breakdown.
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