Trading Edges That Last
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Lawrence's Comment Recap As explained last week in S&P weekly comment, this week is supposed to be weak at least in the beginning of the week. That happened and NQ dropped with ...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 MORE3DP Odds Table (GBPUSD) 2020-07-08Nasdaq 100 Oct 18 to Oct 22 OutlookNasdaq 100 Feb 11 to Feb 15 OutlookGBPUSD Mar 22 to Mar 26 OutlookPrecog Vision – Forex 2015-3-203DP Odds Table (GBPUSD) 2022-12-233DP Odds Table (GBPUSD) 2014-06-25Precog Vision – Forex 2013-5-2Intraday Cycle Projection (GBPUSD) 2022-12-01USDJPY Nov 27 to Dec 01 Outlook
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GBPUSD Apr 29 to May 03 Outlook
Lawrence’s Comment
Tried twice to break Y-1 and failed. Once Y-0 was cleared, a reversal is in place for a run back upto at least Y+1. Y+1 and Y+2 was taken out with full force in 1 go. Closed the week above Y+2 and near week high.
Outlook
Last week was a classic failure of the head and shoulder pattern, which then turn into a bull flag and mess with the bears.
At this point, however, once the pressure is off, we need to know if it is a true upside breakout. A test of Y+1 is necessary here to confirm the strength of the breakout. If Y+1 holds, we can get B+2 easily next week.
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