Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap ES cleared Y+1 boundary giving us a breakout up to almost Y+2. Reversed below and flushed back down to Y-0. Struggled to find a bottom since. Closed the week ...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 How wrong was I on NQ. Instead of a clean FBO Monday, NQ rejected the setup by not breaking the Monday low and instead gap and breakout upside. Tagged ...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 MORES&P 500 May 19 to May 23 OutlookPrecog Vision – Forex 2016-2-22Nasdaq 100 Jan 04 to Jan 08 OutlookEURUSD May 15 to May 19 Outlook3DP Odds Table (USDCAD) 2013-12-27Nasdaq 100 Aug 05 to Aug 09 OutlookPrecog Vision – Forex 2021-5-143DP Odds Table (USDCAD) 2015-07-27Precog Vision – Forex 2017-6-9Hot n Cold (USDCAD) 2019-10-4
As Featured In
USDCAD Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Momentum carried this higher but not quite up to Y+2 as the week is suppose to consolidate. Entered into tight range congestion most of the week. Closed the week near Y+1 and midpoint.
Outlook
Bull flag on 4 hours landing at Y+1 is sign of strength. As long as Y+1 holds, a quick turnaround to test B+1 is likely.
If Y+1 fails to act as support, then another round of consolidation down to B-1 and below will be in play.
Share