Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap NQ failed to clear Y+1 and led to a drop to Y-1 quickly and then it failed to clear Y-0 resulting in more selling into Y-3. That produced a ...READ MORELawrence's Comment Recap ES failed to clear Friday high and was forced back down to fill the open gap below. Gap filled and ES immediately push back up. Y-0 support gave ES ...READ MORENasdaq 100 Jan 05 to Jan 09 Outlook3DP Odds Table (EURUSD) 2022-08-053DP Odds Table (EURUSD) 2022-04-15Nasdaq 100 Mar 01 to Mar 05 Outlook3DP Odds Table (EURUSD) 2012-09-18Intraday Cycle Projection (EURUSD) 2015-07-30S&P 500 May 18 to May 22 Outlook3DP Odds Table (EURUSD) 2019-06-063DP Odds Table (EURUSD) 2019-09-26S&P 500 Feb 27 to Mar 03 Outlook
As Featured In
EURUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Euro found support after 50% range expansion down to near Y-2. Double bottom on 4 hours produced the low and gave us equal distance run back up above previous week close. Closed the week near Y-0 and above midpoint.
Outlook
Y-2 support saved the day and this points to a prolonged struggle on daily to drift higher against the strong weekly down trend. Bear flag likely to form with up drift target Y+1.
Share