Trading Edges That Last
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Lawrence'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 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 MORELawrence's Comment Recap Breached Y-0 from below early in the week. Simply consolidate around Y-0 since until Friday with a spike move ending the week. Closed the week near week ...READ MORELawrence's Comment Recap Bear flag breakout like Dow. ES rallied higher to fill the open gap above and then stalled. Closed the week at Y-2 and above midpoint. Outlook As long as B+1 acting ...READ MOREPrecog Vision – Forex 2014-3-6USDCAD Mar 11 to Mar 15 OutlookPrecog Vision – Forex 2019-2-26Precog Vision – Forex 2016-6-22Weekly Cycle Projection (GBPUSD) 2022-08-22Intraday Cycle Projection (GBPUSD) 2012-05-08AUDUSD Nov 26 to Nov 30 Outlook3DP Odds Table (GBPUSD) 2022-07-25USDJPY Mar 27 to Mar 31 OutlookS&P 500 Sep 16 to Sep 20 Outlook
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Lawrence’s Comment
The consolidation to close midpoint the week prior to last week pointed to a retest of Y+1 and that happened right at the beginning of last week. Formed a complex top there leading to a selloff to tag Y-2 and closed the week at midpoint.
Outlook
The strong bounce from Y-2 points to rejection of Y-1 down to Y-2 area. As long as this zone acts as support, downside will be limited.
To go higher, Cable must produce a buy formation in B-1 to B-0 so that it can retest B+1 again.
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