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Lawrence’s Comment
Spike bottom happened before midweek yet failed to push above Y-0. Closed the week below Y-1 and midpoint.
Outlook
The first try to find a bottom failed. The week turned into consolidation around Y-1. That is bearish until B+1 is cleared.
As long as B+1 acting as resistance, more downside is expected.
Once B+1 is cleared, a quick run to Y+1 is in play.
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