Trading Edges That Last
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Lawrence's Comment Recap 17000 round number / Y-2 zone proven deadly for the bears. Y-0 normal reversal target tagged quickly and caught many shorts by surprise. Open gap fill above sent Dow ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREPrecog Vision – Forex 2012-3-15Precog Vision – Forex 2011-9-153DP Odds Table (GBPUSD) 2017-01-06Precog Vision – Forex 2021-2-26Precog Vision – Forex 2019-10-7Dow 30 Jul 04 to Jul 08 OutlookNasdaq 100 Jun 05 to Jun 09 OutlookPrecog Vision – Forex 2012-4-263DP Odds Table (GBPUSD) 2012-07-12Precog Vision – Forex 2012-5-23
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GBPUSD Mar 14 to Mar 18 Outlook
Lawrence’s Comment
The less likely scenario presented itself – w. upthrust against Y+1 leading to a quick selloff to Y-1. Flushed thru Y-1 but not quite Y-2 and closed the week at Y-1.
Outlook
As long as Y-1 to B-0 acting as resistance zone, a retest of B-1 is likely and downside target Y-2 will be tagged.
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