Recap Breakout to the upside. Destroyed the wedge formation. This kind of breakout usually gives us an explosive move and it has not failed us this time. A quick run to Y+4 before pullback to midpoint of the week to close.
Outlook A retest of B+1 is likely. From there if no renew buying coming in, can easily fall back down to B-1.
Lawrence's Comment
Recap
Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed the ...
Lawrence's Comment
Recap
Amazingly efficient NQ tested Y-0 first thing in the week and the selloff started. Target zone Y-2 was tagged quickly and the rest of the week was the ...
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GBPUSD Aug 27 to Aug 31 Outlook
Lawrence’s Comment
Breakout to the upside. Destroyed the wedge formation. This kind of breakout usually gives us an explosive move and it has not failed us this time. A quick run to Y+4 before pullback to midpoint of the week to close.
Outlook
A retest of B+1 is likely. From there if no renew buying coming in, can easily fall back down to B-1.
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