Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap As expected, ninja started weak and failed to clear even Y-1. That opened the door to Y-3. Flushed down to Y-3 and bounced. Closed the week below Y-1 and ...READ MORELawrence's Comment Recap Spike higher in beginning of the week and sold off from there. Yet Y-0 was not tagged. Earning shocks sent ES above resistance and tagged Y+2 and ...READ MORELawrence's Comment Recap Bounced back up in tight range around Y-1 is normal after the sudden wide range reversal. Closed the week above Y-1 and midpoint. Outlook As long as Y-1 / ...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 MOREHot n Cold (USDJPY) 2012-1-6USDJPY Oct 20 to Oct 24 OutlookS&P 500 Jan 30 to Feb 03 OutlookIntraday Cycle Projection (USDJPY) 2015-07-30USDJPY May 09 to May 13 OutlookIntraday Cycle Projection (USDJPY) 2022-12-15Dow 30 May 14 to May 18 OutlookPrecog Vision – Forex 2017-10-43DP Odds Table (USDJPY) 2017-01-31USDCAD Oct 14 to Oct 18 Outlook
As Featured In
USDJPY Oct 07 to Oct 11 Outlook
Lawrence’s Comment
Gapped below Y-1 to open the week turned Y-0 into resistance. Y-0 capped the attempt to go higher gave us a retest of week low at Y-2. Ninja flushed below Y-2 and opened the door to Y-3. Y-3 tagged at the end. Closed the week below Y-2 and midpoint.
Outlook
A down channel / falling wedge in place. Breaking above B-0 will give us B+1 quickly. As long as B-0 is not breached, looking for more downside in the coming week.
Share