Trading Edges That Last
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Lawrence's Comment Recap Took out Y-1 at the start of the week and recovered. A false breakout of one extreme points to the potential of tagging the other side in ...READ MORELawrence's Comment Recap NQ opened higher and went above Y+1 immediately. Sitting above Y+1 opened the door to Y+2. NQ then took off and tagged Y+2. Reaction to Y+2 was a shallow ...READ MORELawrence's Comment Recap Consolidation play earlier part of the week with Y-1 support. Later in the week trouble in Yemen led to break down play which doubled the range for the week. ...READ MORELawrence's Comment Recap ES failed to clear 1650 and dropped down to the gap below as expected. Multiple 75% swings producing a triangle pattern on 30-min. Closed the week below Y-0 and ...READ MOREHot n Cold (GBPUSD) 2021-1-22Precog Vision – Forex 2017-7-113DP Odds Table (GBPUSD) 2019-10-07Dow 30 Feb 06 to Feb 10 OutlookIntraday Cycle Projection (GBPUSD) 2014-05-27Nasdaq 100 Feb 17 to Feb 21 OutlookHot n Cold (GBPUSD) 2012-6-28USDJPY Mar 30 to Apr 03 OutlookS&P 500 Jun 17 to Jun 21 OutlookUSDJPY Apr 10 to Apr 14 Outlook
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GBPUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Tested Y-0 as expected and bounced off quickly too. End of week pushing against Y+1 failed to clear the resistance. Closed the week near midpoint.
Outlook
Not a clear rejection of Y+1 yet but definitely a lot of distribution above 1.60. The line up of B-1 and Y-0 is telling us that next test of that will probably lead to a break down with 1.59 as a reasonable target.
Year end dynamics in play. Cable has a distinct year end pattern. Will post the pattern to the site later.
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