Recap The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down to previous week close.
Outlook B-1 should be tested early in the week. B-2 is likely. B-3 is also in play.
A rare scenario can happen if some kind of news shock (or intervention) happening next week – if B+1 is taken out on a shock, B+3 is the first price level where the run can pause.
Lawrence's Comment
Recap
Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed the ...
Lawrence's Comment
Recap
Dow rallied as expected towards 12200, but it stopped at 12150 when it reached 100% absolute range expansion and sold off since. Sell climax hit when Y-1 was ...
Lawrence's Comment
Recap
Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook
Weaknesses ...
EURUSD May 23 to May 27 Outlook
Lawrence’s Comment
The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down to previous week close.
Outlook
B-1 should be tested early in the week. B-2 is likely. B-3 is also in play.
A rare scenario can happen if some kind of news shock (or intervention) happening next week – if B+1 is taken out on a shock, B+3 is the first price level where the run can pause.
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