Trading Edges That Last
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Lawrence's Comment Recap Unlike NQ, ES ended last week without filling the gap above completely. ES was the weaker one. The rally was a controlled one because by the end of ...READ MORELawrence's Comment Recap Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it ...READ MORELawrence's Comment Recap Held Y-1 in the beginning of the week and drifted higher to Y-0. Found resistance and trashed down to my downside target Y-2. Went sideway since. Closed the week ...READ MOREPrecog Vision – Forex 2023-3-33DP Odds Table (GBPUSD) 2022-04-143DP Odds Table (GBPUSD) 2012-06-29AUDUSD Jan 16 to Jan 20 OutlookS&P 500 Mar 28 to Apr 01 OutlookHot n Cold (GBPUSD) 2021-5-7Nasdaq 100 Feb 13 to Feb 17 OutlookDow 30 Jul 21 to Jul 25 OutlookAUDUSD Mar 29 to Apr 02 OutlookAUDUSD Apr 28 to May 02 Outlook
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GBPUSD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
As expected a rounding top that FBO against Y+1 and gave us Y-1 easily. The bonus is the move down to Y-2 to end the week. Closed the week near week low and below Y-1.
Outlook
Outside week with close below Y-1 is a strong bearish setup for more downside. As long as Y-1 acting as resistance B-2 in play.
The implication of the potential move is an interesting one though as what can drive Cable dropping another 200 pips this quickly?
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