Trading Edges That Last
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Lawrence's Comment Recap Consolidated around Y+1. Less than 50% range of week prior to last. Closed the week below Y+1 and midpoint. Outlook ES is weaker than NQ. It is structurally much weaker ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREPrecog Vision – Forex 2021-3-10Intraday Cycle Projection (AUDUSD) 2021-12-30Intraday Cycle Projection (AUDUSD) 2011-06-22S&P 500 Feb 13 to Feb 17 OutlookPrecog Vision – Forex 2021-1-213DP Odds Table (AUDUSD) 2013-04-103DP Odds Table (AUDUSD) 2022-07-05USDJPY Nov 23 to Nov 27 Outlook3DP Odds Table (AUDUSD) 2015-03-04Precog Vision – Forex 2013-10-17
As Featured In
AUDUSD Feb 04 to Feb 08 Outlook
Lawrence’s Comment
Held Y-1 in beginning of the week led to a bounce towards Y-0. Failed to reach Y-0 and retested Y-1 as expected. Consolidated around Y-1 since. Closed the week at Y-1 and below midpoint.
Outlook
Consolidation after sell off without tagging previous midpoint is sign of weaknesses. Further downside is more likely.
The rare scenario is a quick snap back up to above B-0 and that acts as support. The short term down trend will then be broken with a squeeze back up to Y-0 and possibly B+2.
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