Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap The bounce to Y-0 scenario unfolded exactly as described last week. The wait and see part at Y-0 turns into the bearish setup of trading below Y-1, pointing ...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 MORELawrence's Comment Recap Dow extended its losses early in the week with wedging actions gave us a clue that this could be an FBO against Y-1. Confirmed by Wednesday with a very ...READ MORELawrence's Comment Recap Y-0 to Y+1 zone formed a bottom as expected. However, difficulties to move higher happened after trading above Y+1. That did not stop NQ from rallying towards its ...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 MORELawrence's Comment Recap Drifted back up to Y-0. Sold off from there as expected. Cleared Y-1 in 1 go. Stuck at Y-1 since. Closed the week near Y-1 and below midpoint. Outlook Getting very ...READ MOREIntraday Cycle Projection (USDCAD) 2020-04-02Nasdaq 100 Jun 20 to Jun 24 OutlookPrecog Vision – Forex 2016-11-30Dow 30 Jun 15 to Jun 19 OutlookIntraday Cycle Projection (USDCAD) 2019-02-08Nasdaq 100 Apr 04 to Apr 08 OutlookPrecog Vision – Forex 2018-11-8Precog Vision – Forex 2015-9-15EURUSD Feb 18 to Feb 22 Outlook3DP Odds Table (USDCAD) 2012-12-18
As Featured In
USDCAD Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a good predictor of direction. A quick reversal from a mild breach of B-1 back up to above B-0 will trigger a run to Y-0 / B+2.
As long as that has not happened yet, more down side to B-2 is likely.
Share