Recap Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0.
Outlook As stated previously, further weaknesses is expected. The past week formed a bear flag (or a weak upside channel). A break below B-0 means B-2 is in play.
For 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 schedule
Lawrence's Comment
Recap
Similar to Dow, NQ found support at Y-0 and started another leg higher until Y+2 was tagged. Following the exact same pattern as Dow, NQ pullback to Y+1 to ...
For 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 schedule
Lawrence's Comment
Recap
As oppose to holding above support level, NQ sold off in the beginning of the week to right underneath the level, creating a w. upthrust against Y+1. That ...
AUDUSD May 23 to May 27 Outlook
Lawrence’s Comment
Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0.
Outlook
As stated previously, further weaknesses is expected. The past week formed a bear flag (or a weak upside channel). A break below B-0 means B-2 is in play.
Share