Recap Yeary STOPD expansion target Y+1 stopped the run and led to the first significant pullback in months. Directional drop from previous week close straight down to Y-1 and 100% range expansion before a bounce. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint.
Outlook Consolidation after the wild swings over past few weeks is normal. Y-0 / B-0 resistance points to retest of B-1 and potential drop to B-2. This pullback, however, can take several weeks to unfold.
Lawrence's Comment
Recap
Overall whole week behaved what a normal continuation week should with all the details completely messed up. First, Dow triple bottom against Y-1 and bounced back up to Y-0. ...
Lawrence's Comments
Recap
Mentioned in real-time commentaries that this pair is due for a correction as it failed to take out the 50% upside expansion target decisively and that target ...
Lawrence's Comment
Recap
Right from the start of the week, the up trend was almost broken by the gap down. Dow magically holding the important swing low I mentioned last week and ...
Lawrence's Comment
Recap
With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a ...
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USDCAD Feb 09 to Feb 13 Outlook
Lawrence’s Comment
Yeary STOPD expansion target Y+1 stopped the run and led to the first significant pullback in months. Directional drop from previous week close straight down to Y-1 and 100% range expansion before a bounce. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint.
Outlook
Consolidation after the wild swings over past few weeks is normal. Y-0 / B-0 resistance points to retest of B-1 and potential drop to B-2. This pullback, however, can take several weeks to unfold.
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