Recap Y+1 resistance led to reversal back down to spike up move crime scene down below near Y-1. Y-1 tagged and unlocked further selling. Closed the week below Y-1 and near week low.
Outlook Measured down move on daily. Y-2 / B-1 support will send this back up to B-0.
Lawrence's Comment
Recap
NQ sold off in the beginning of the week as expected. It sold off back down to the crime scene where the short squeeze originally started. Since then NQ ...
USDCAD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Y+1 resistance led to reversal back down to spike up move crime scene down below near Y-1. Y-1 tagged and unlocked further selling. Closed the week below Y-1 and near week low.
Outlook
Measured down move on daily. Y-2 / B-1 support will send this back up to B-0.
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