Recap 1-2-3 buy off Y-1 in the beginning of the week pushed cable back up to also Y+1. Yet it was not strong enough and sold off from 1-2-3 sell breaking Y-0. That gave way to Y-2. Cable finally broke down by end of the week and almost tagged Y-2. Closed the week near week low and Y-2.
Outlook Never got the chance to test Y-2 until the end of the week. Multiple tries at bottoming out last week all failed points to the potential of a flush more significant than I first thought.
Same strategy like last week, looking for a quick flush that snap back up and hold B-1 to go long for at least a push towards B+2.
Lawrence's Comment
Recap
Nailed the whiplash behaviour again. ES has to drop to almost Y-2 before support was found. ES bounced back up to its current midpoint and failed to clear the ...
For 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 schedule
Lawrence's Comment
Recap
More upside as expectation. 1.14 proven strong resistance as stated in Jun MBO newsletter update. Pullback to Y-0 eventually. Closed the week near Y-0 and week low.
Outlook
Last ...
Lawrence's Comment
Recap
The expected bearish scenario unfolded. Dow failed to hold Y-1 and then dropped in a waterfall pattern clearing Y-2 and Y-3 in 1 go. The drop unleashed some panic ...
GBPUSD Mar 11 to Mar 15 Outlook
Lawrence’s Comment
1-2-3 buy off Y-1 in the beginning of the week pushed cable back up to also Y+1. Yet it was not strong enough and sold off from 1-2-3 sell breaking Y-0. That gave way to Y-2. Cable finally broke down by end of the week and almost tagged Y-2. Closed the week near week low and Y-2.
Outlook
Never got the chance to test Y-2 until the end of the week. Multiple tries at bottoming out last week all failed points to the potential of a flush more significant than I first thought.
Same strategy like last week, looking for a quick flush that snap back up and hold B-1 to go long for at least a push towards B+2.
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