Trading Edges That Last
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Lawrence's Comment Recap Dow gapped up right into the strong resistance zone mentioned last week. Selling just pile on and sent Dow back down to Y-1 as expected. The reaction there was ...READ MORELawrence's Comment Recap ES did sold off from the beginning of the week off the 3 pushes up formation. Yet Y-0 acted as support and continue its parabolic path going higher. ...READ MORELawrence's Comment Recap Euro slided down like cable from their own crisis rumors / news shock. Made new low against Y-1 but successfully recovered back above Y-1. Although stopped at ...READ MORENasdaq 100 Apr 10 to Apr 14 Outlook3DP Odds Table (GBPUSD) 2022-07-28Precog Vision – Forex 2018-8-15Hot n Cold (GBPUSD) 2023-5-1Dow 30 May 11 to May 15 OutlookHot n Cold (GBPUSD) 2012-1-3S&P 500 Oct 31 to Nov 04 OutlookGBPUSD Oct 11 to Oct 15 OutlookEURUSD Nov 21 to Nov 25 OutlookEURUSD Apr 29 to May 03 Outlook
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GBPUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Cable found support at Y-0 for a test of Y+1. Y+1 resistance on first try and sent cable back down to Y-0. Second attempt at Y+1 led to FBO and sent cable back down to week low. Closed the week near Y-0 and below midpoint.
Outlook
Reversal attempt on daily level failed. 4 Hour up channel / bear flag last week points to retest of Y-1 in the making. As long as B-0 / Y-0 zone acting as resistance B-2 in play.
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