Trading Edges That Last
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Lawrence's Comment Recap The sarcastic question I asked last week was answered. Dow held previous week close and zoomed higher. Closed the week at Y+3 and week high. Outlook Widest weekly range for quite ...READ MORELawrence's Comment Recap Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted ...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 Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the ...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 MOREPrecog Vision – Forex 2021-7-30Dow 30 May 20 to May 24 OutlookIntraday Cycle Projection (USDCAD) 2021-02-26AUDUSD Nov 21 to Nov 25 OutlookIntraday Cycle Projection (USDCAD) 2012-09-03Hot n Cold (USDCAD) 2011-4-28Precog Vision – Forex 2013-6-5GBPUSD Mar 28 to Apr 01 OutlookS&P 500 Dec 04 to Dec 08 OutlookPrecog Vision – Forex 2017-7-17
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USDCAD Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Down channel turned into a wedge. Then breakout happened conveniently at the right time sending this back up to my target above. 200% absolute range expansion stopped the run. Closed above Y+1 and midpoint.
Outlook
Strong reaction because all committed shorts had stops piled up between Y-0 and Y+1. That’s why the move is so clean. The stop run only move will need real buying to give us a retest of B+1. B-0 likely this week as players have to reshuffle their positions to get in line with their new expections.
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