Recap Congestion between B-1 to B+1 most of the week. Then total collapse once the week low is taken out the last moment of the week. Obvious stop run seeking sell stops below. Tagged Y-4 and completed 200% absolute range expansion.
Outlook Wait for prices to settle down and a base to form again.
Lawrence's Comment
Recap
The week actions from the week prior to last week led to a gap down open for the week. That in turn helped Dow to form a better bottom ...
Lawrence's Comment
Recap
Aussie consolidated around Y-0. Stop run happen to both sides. Closed the week near Y-0 and midpoint.
Outlook
Although gold has been strong last week, Aussie failed to follow. It is ...
USDJPY Jan 02 to Jan 06 Outlook
Lawrence’s Comment
Congestion between B-1 to B+1 most of the week. Then total collapse once the week low is taken out the last moment of the week. Obvious stop run seeking sell stops below. Tagged Y-4 and completed 200% absolute range expansion.
Outlook
Wait for prices to settle down and a base to form again.
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