Trading Edges That Last
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Lawrence's Comment Recap ES gapped up to the strong resistance zone as explained last week and could not push higher. A break down from there gave us Y-0 easily and collapsed down ...READ MOREPrecog Vision – Forex 2019-9-24Intraday Cycle Projection (AUDUSD) 2013-05-22Intraday Cycle Projection (AUDUSD) 2013-01-303DP Odds Table (AUDUSD) 2022-01-03Precog Vision – Forex 2015-12-29Precog Vision – Forex 2020-9-7Nasdaq 100 Nov 28 to Dec 02 OutlookS&P 500 May 11 to May 15 OutlookIntraday Cycle Projection (AUDUSD) 2017-01-25Intraday Cycle Projection (AUDUSD) 2021-09-02
As Featured In
AUDUSD Feb 04 to Feb 08 Outlook
Lawrence’s Comment
Held Y-1 in beginning of the week led to a bounce towards Y-0. Failed to reach Y-0 and retested Y-1 as expected. Consolidated around Y-1 since. Closed the week at Y-1 and below midpoint.
Outlook
Consolidation after sell off without tagging previous midpoint is sign of weaknesses. Further downside is more likely.
The rare scenario is a quick snap back up to above B-0 and that acts as support. The short term down trend will then be broken with a squeeze back up to Y-0 and possibly B+2.
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