Recap Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop back down to Y-1 area.
Outlook Potential triangle on 4 hour in the making, meaning that even if B-1 acts as support, it may not be able to go much higher than B-0.
Breakout of this inside week will give us a clear direction to trade in the coming month.
Lawrence's Comment
Recap
No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. ...
Lawrence's Comment
Recap
No rally in the beginning of the week sealed the downside move to Y-3. What I did not expect was that bounce actions were so weak on ...
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
EURUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop back down to Y-1 area.
Outlook
Potential triangle on 4 hour in the making, meaning that even if B-1 acts as support, it may not be able to go much higher than B-0.
Breakout of this inside week will give us a clear direction to trade in the coming month.
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