Trading Edges That Last
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Lawrence's Comment Recap 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 ...READ MORELawrence's Comment Recap NQ followed the other 2 indices breaking its daily support and slided down to B-1 and in turn breaking B-2 as mentioned last week. The waterfall effect helped NQ ...READ MOREAUDUSD Mar 25 to Mar 29 OutlookGBPUSD Aug 15 to Aug 19 OutlookDow 30 Aug 20 to Aug 24 OutlookNasdaq 100 Nov 16 to Nov 20 Outlook3DP Odds Table (GBPUSD) 2017-04-14GBPUSD Apr 10 to Apr 14 Outlook3DP Odds Table (GBPUSD) 2013-01-073DP Odds Table (GBPUSD) 2017-10-27USDCAD May 30 to Jun 03 OutlookUSDCAD Dec 12 to Dec 16 Outlook
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GBPUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
As expected drop down to B-1 area. 100% absolute range expansion completed. Closed the week near midpoint.
Outlook
The spike low against Y-1 means support is found at that level. A retest of Y-1 down to B-1 will setup a powerful long formation.
Breaking below B-1 will give us a quick slide down to B-2.
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