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Lawrence’s Comment
Pullback to Y-0 without a test of Y+1. Y-0 support sent cable straight back up to Y+1 and cleared it with ease. Y+1 support helped cable higher to tag Y+2. Closed the week above Y+1 and midpoint.
Outlook
Measured move target Y+2 reached with strong reaction. Cable needs some time to absorb the move. Consolidation around B-0 likely.
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