Recap Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
Outlook The selloff will accelerate quickly should B-2 fails to act as support. To produce a short term bottom, we need to see proper bottoming pattern to form on daily.
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
Similar to Dow, ES pushed the envelope all the way. It exceeded Dow in terms of volatility during the holiday season. Closed the week near week high ...
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
As expected, breaching Y-1 induced buying enough to take out Y-0 quickly. That was the easy part. But then cable failed to push beyond the double bottom target visible ...
EURUSD Feb 29 to Mar 04 Outlook
Lawrence’s Comment
Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
Outlook
The selloff will accelerate quickly should B-2 fails to act as support. To produce a short term bottom, we need to see proper bottoming pattern to form on daily.
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