Trading Edges That Last
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Lawrence's Comment Recap ES gapped up to the strong resistance zone as explained last week and could not push higher. A break down from there gave us Y-0 easily and collapsed down ...READ MORELawrence's Comment Recap Y+1 support sent this higher until 100% absolute range expansion is tagged. Consolidated since. Closed the week near Y+1 and below midpoint. Outlook Slow rip to higher level suggests ...READ MORELawrence's Comment Recap Further consolidation around Y-0 area. End of week weaknesses failed to break the Y-1 support. Closed the week near week low and below Y-0. Outlook Inside week from daily up trend ...READ MOREIntraday Cycle Projection (GBPUSD) 2019-04-01S&P 500 May 11 to May 15 OutlookS&P 500 Aug 29 to Sep 02 OutlookS&P 500 May 16 to May 20 OutlookHot n Cold (GBPUSD) 2020-4-3USDCAD Aug 31 to Sep 04 OutlookUSDCAD Jan 23 to Jan 27 OutlookIntraday Cycle Projection (GBPUSD) 2020-09-10AUDUSD Jan 21 to Jan 25 OutlookHot n Cold (GBPUSD) 2019-10-4
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GBPUSD Apr 15 to Apr 19 Outlook
Lawrence’s Comment
Consolidated around previous week close. 50% of previous week range. Closed the week near previous week close, Y+1 and midpoint.
Outlook
Due to the fact that cable failed to close above Y+1, the consolidation is weaker than usual for a run to new high. Hence cannot rule out the possibility to pullback down to B-1 once more.
Only when B-0 can act as support that we have a better chance for a move to B+2.
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