Trading Edges That Last
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Lawrence's Comment Recap No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can ...READ MORELawrence's Comment Recap Easy trade of the week. Cleared resistance zone mentioned last week quickly. Tagged Y+3 target by end of week. Closed the week above Y+2 and midpoint. Outlook Wide range week with ...READ MORELawrence's Comment Recap Another one pullback to Y-0 as expected. The interesting thing though is that it took Aussie almost the full week to get down there. Closed the week ...READ MOREHot n Cold (DIA) 2020-5-22AUDUSD Jan 07 to Jan 11 OutlookUSDCAD Aug 04 to Aug 08 OutlookIntraday Cycle Projection (YM) 2011-11-25Weekly Cycle Projection (YM) 2019-09-09AUDUSD Dec 03 to Dec 07 OutlookDow 30 May 20 to May 24 Outlook3DP Odds Table (DJIA) 2014-03-273DP Odds Table (DIA) 2017-08-08Hot n Cold (DJIA) 2022-9-16
As Featured In
Dow 30 Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Tried to reverse early last week from Y+1 but a higher low was formed instead. The retest of Y+1 resulted in a breach of the level and consolidation with Y-0 as support. That is the standard STOPD continuation signature. Closed the week above Y+2 and near week high.
Outlook
Price pattern based bias points to 2 extremely different scenarios. Bullish case a run to B+3 quickly while bearish case a drop to B-2.
It is very rare that historical price pattern matching results in 2 groups of opposite scenarios. Dow is sitting at a very important area where there is not many historical cases for us to lean on. This can happen a few times every year and we are looking at one now.
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