Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap As predicted, Dow cannot hold Y-1 and flushed lower. Almost down to Y-2 when 50% absolute range capped the move and started a violent struggle to form a bottom. ...READ MORELawrence's Comment Recap Gapped below 1.32 and never made it back above. End of week dumping led to normal target Y-2. Closed the week near Y-2 and week low. Outlook More down ...READ MOREDow 30 Aug 26 to Aug 30 OutlookUSDCAD Nov 30 to Dec 04 OutlookEURUSD Sep 01 to Sep 05 OutlookIntraday Cycle Projection (EURUSD) 2012-01-033DP Odds Table (EURUSD) 2018-05-313DP Odds Table (EURUSD) 2014-12-18AUDUSD Apr 11 to Apr 15 OutlookIntraday Cycle Projection (EURUSD) 2020-10-19Hot n Cold (EURUSD) 2016-7-13DP Odds Table (EURUSD) 2018-01-29
As Featured In
EURUSD Feb 27 to Mar 02 Outlook
Lawrence’s Comment
More intervention from ECB and gang in the beginning of the week forced euro to go higher as shorts are squeezed hard. Closed the week at Y+2.
Outlook
As mentioned in STOPD, whenever shock happens, the immediate target in the breakout direction will be reached. In this case it is Y+2 and 100% absolute range expansion.
That happened last week and this area is a wait and see area.
A top forming here will send euro back down to B-0 / Y+1 quickly. How euro reacts at that zone will determine if euro has broken out of the downtrend for real or it is just another false breakout on weekly.
Share