Recap News shock turning the consolidation from the beginning of the week into a odd shaped inverse head and shoulder breaking above Y+1. Minimum target Y+2 of breaking above Y+1 is completed.
Outlook The sudden change in price pattern caused by the news shock may not last if the pair drops below Y+1.
As long as B+1 is acting as support, we have to assume the short term trend is up and that potentially more upside is expected.
Lawrence's Comment
Recap
Pullback to Y-0 area as expected. Consolidation within 50% absolute range is also expected. A pretty quite week.
Outlook
The consolidation range created a strong tight range that will take ...
Lawrence's Comment
Recap
As mentioned last time, NQ was the weakest of the 3 major indices and that ES and Dow may drag it all the way up. That's exactly what happened ...
Lawrence's Comment
Recap
Further upside drift as expected. 2nd pop in the week tagged the upside target mentioned last week. From there Dow simply consolidated around the target zone. Closed the week ...
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
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
Tried to pull off a bounce from Y-1 but stalled right at the resistance we mentioned last week and dropped to new low. Closed the week below ...
I have been thinking of what kinds of real-time trading tools will help the Emini day traders. I came up with several concepts last year but was stuck with technology ...
GBPUSD Oct 17 to Oct 21 Outlook
Lawrence’s Comment
News shock turning the consolidation from the beginning of the week into a odd shaped inverse head and shoulder breaking above Y+1. Minimum target Y+2 of breaking above Y+1 is completed.
Outlook
The sudden change in price pattern caused by the news shock may not last if the pair drops below Y+1.
As long as B+1 is acting as support, we have to assume the short term trend is up and that potentially more upside is expected.
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