Trading Edges That Last
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Lawrence's Comment Recap Dow moved back to 18000 before its wild swings lower. All week gaps not filled and price actions going wild. Closed the week above Y-2 and below midpoint. ...READ MORELawrence's Comment Recap Sold off in the beginning of the week. Bounced off fib level (see USDCAD comment) and rallied all the way up to 200% absolute range expansion target. Ended ...READ MORELawrence's Comment Recap Pocket below Y-0 was taken care of first thing in the week, giving ES an excuse to go higher to fill the open gap above right after. 2 legs ...READ MOREIntraday Cycle Projection (GBPUSD) 2015-08-253DP Odds Table (GBPUSD) 2023-01-023DP Odds Table (GBPUSD) 2013-01-01Precog Vision – Forex 2016-1-27Intraday Cycle Projection (GBPUSD) 2012-11-01Intraday Cycle Projection (GBPUSD) 2020-06-04Dow 30 Mar 16 to Mar 20 OutlookGBPUSD Jul 18 to Jul 22 OutlookS&P 500 Oct 03 to Oct 07 OutlookIntraday Cycle Projection (GBPUSD) 2014-10-08
As Featured In
GBPUSD May 13 to May 17 Outlook
Lawrence’s Comment
Got the bearish action I was looking for right from the start of the week. Took 2 tries though before cable breaks its support. Dropped to Y-3 by end of the week. Closed the week above Y-3 and below midpoint.
Outlook
Rejected B+1 / Y+1 with a slightly lower high. Will be difficult for cable to go back above B-0 for some time. Consolidation around or below B-1 with downside bias towards tagging at least Y-4.
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