Trading Edges That Last
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Lawrence's Comment Recap Spike and ledge continues. NQ stopped stone cold at the ledge top in first half of the week and then dropped to test the ledge bottom Y-1 ...READ MORELawrence's Comment Recap NQ tried very down in the beginning of the week to hold onto Y+1 as support, yet Dow was so weak, it dragged NQ and ES along back down. ...READ MOREIntraday Cycle Projection (GBPUSD) 2020-10-213DP Odds Table (GBPUSD) 2022-02-25Intraday Cycle Projection (GBPUSD) 2011-07-21EURUSD Apr 17 to Apr 21 OutlookPrecog Vision – Forex 2011-11-24Precog Vision – Forex 2023-5-23DP Odds Table (GBPUSD) 2015-04-16Precog Vision – Forex 2020-3-27Nasdaq 100 Sep 03 to Sep 07 OutlookNasdaq 100 Dec 16 to Dec 20 Outlook
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GBPUSD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
3 Pushes early in the week resulted in a snap back down to below Y+1 and triggered the FBO against Y+1. Tagged Y-0 by end of the week. Weak formation as expected. Closed the week above Y-0 and below midpoint.
Outlook
Still no clear sign whether it is a top in the making on daily or that it is ready to squeeze much higher. Confirmed breakdown on daily requires Cable to clear Y-1 quickly this week. For daytrading purpose, as long as B-0 is not cleared, B-2 in play.
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