Trading Edges That Last
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Lawrence's Comment Recap Not only Dow fulfilled our upside target of 12000 mentioned last week, it actually completed 100% absolute range expansion before stalling. Closed the week near the high of ...READ MOREPrecog Vision – Forex 2015-3-5Intraday Cycle Projection (GBPUSD) 2022-08-093DP Odds Table (GBPUSD) 2015-05-22Dow 30 Oct 31 to Nov 04 Outlook3DP Odds Table (GBPUSD) 2016-04-15Intraday Cycle Projection (GBPUSD) 2013-03-253DP Odds Table (GBPUSD) 2012-05-283DP Odds Table (GBPUSD) 2013-06-103DP Odds Table (GBPUSD) 2022-03-02Dow 30 Nov 04 to Nov 08 Outlook
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GBPUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Twists and turns in the events leading to Brexit vote caused cable to run the stops above. Due to limited liquidity cable cannot stop its stop run until long term key resistance at 1.50 was tagged. Brexit vote count turned the tide thus giving us equal distance downside target off previous week range. Closed the week near Y-3 and below midpoint.
Outlook
Brexit or not the outcome should still be the same – down, as the one standing to benefit from the fallout of Brexit can only be US. Y-1 / B-0 very strong resistance. Expect more wild rides as margin hikes are reported everywhere.
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