Trading Edges That Last
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Lawrence's Comment Recap Break out above Y+1 from Y-0 gave us Y+2 target. Tagged Y+2 and filled 2 gaps above in 1 go. Then Dow just fall and failed to hold ...READ MORELawrence's Comment Recap As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The ...READ MORELawrence's Comment Recap Tight range consolidation near Y-0 first half of the week. Then the whiplash mentioned last week came. First a push towards Y+1 and failed. Then collapsed at the end ...READ MOREAuto chart generator encountered some problem and failed to produce the ES chart for this week. Refer to the Dow chart as they look very similar for the past week. Lawrence's ...READ MOREDow 30 Apr 23 to Apr 27 Outlook3DP Odds Table (GBPUSD) 2016-07-29USDJPY Feb 21 to Feb 25 OutlookUSDCAD Mar 11 to Mar 15 Outlook3DP Odds Table (GBPUSD) 2023-03-13USDJPY Jun 17 to Jun 21 Outlook3DP Odds Table (GBPUSD) 2018-06-203DP Odds Table (GBPUSD) 2014-07-14S&P 500 Oct 17 to Oct 21 OutlookDow 30 Jun 27 to Jul 01 Outlook
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GBPUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Weak pullback not even touching Y-0 ended with another drop to Y-1. Eventually Y-1 was cleared giving us equal distance from previous week close. Closed the week below Y-1 and at week low.
Outlook
Consolidation action with weak close is bearish. More down side is expected. A quick flush to B-2 early next week can produce a temporary support for a bounce back up to B+1 / Y-0.
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