Lawrence's Comment
Recap
Compressed further early in the week leading to clean Breakout to the down side. 100% absolute range expansion stopped the drop. Closed the week below Y-1 and midpoint.
...
Lawrence's Comment
Recap
Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint.
Outlook
Consolidation / compression until first week of next year is ...
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Lawrence's Comment
Recap
Slow pullback to the support zone as expected. Still my all time favorite!
Outlook
For normal market condition, you can expect B+1 to be retested this week.
The tricky issue ...
EURUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Swing top formed with FBO against Y+1. Collapsed back down to Y-0. Closed the week near Y-0 and below midpoint.
Outlook
Y+1 / B-0 now resistance until proven otherwise. Y-1 downside target still in play from FBO setup.
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