Recap Start the week with a pullback to Y-0 and bounced off. The pop failed to go higher and broken below Y-0. 1-2-3 sell triggered with Y-1 target in place since then. Flushed lowered later in the week to Y-1 and stopped when 100% absolute range expansion is reached. Closed the week above Y-1 and below midpoint.
Outlook Daily uptrend about to be broken. As long as B-0 acting as resistance a retest of B-1 is likely.
To defend the daily uptrend, this week must hold Y-1.
Lawrence's Comment
Recap
Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the ...
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Lawrence's Comment
Recap
Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried ...
Lawrence's Comment
Recap
Dow gapped down to longer term critical support level and rallied from there since. Although Dow has tried hard to push higher it did not get Y-0 at the ...
Lawrence's Comment
Recap
50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint.
Outlook
The monthly resistance of 100-102 from years ago is now support. Being able to build ...
USDJPY Nov 12 to Nov 16 Outlook
Lawrence’s Comment
Start the week with a pullback to Y-0 and bounced off. The pop failed to go higher and broken below Y-0. 1-2-3 sell triggered with Y-1 target in place since then. Flushed lowered later in the week to Y-1 and stopped when 100% absolute range expansion is reached. Closed the week above Y-1 and below midpoint.
Outlook
Daily uptrend about to be broken. As long as B-0 acting as resistance a retest of B-1 is likely.
To defend the daily uptrend, this week must hold Y-1.
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