Recap Resistance zone mentioned last week sent cable to new low against Y-1. 3 Pushes Down enabled cable to stage a come back to Y-0 crime scene. Stop hunt since then sent cable back up to where the spike reversal started. Closed the week above Y-0 and midpoint.
Outlook B+1 / Y+1 strong resistance until proven otherwise. 2 weeks trapped within the wild range week is giving us a whiplash play if spike reversal against Y+1 happens again. The target for the setup will be Y-2.
Lawrence's Comment
Recap
Rallied back to gap resistance above. Without fully filling the gap, news shcok sending Dow lower by 450 points before it could find a bottom. As drastic as ...
Lawrence's Comment
Recap
Tried hard to produce the extreme bearish formation of Y-1 acting as resistance and failed to do so. That points to a retest of previous close area that ...
Lawrence's Comment
Recap
Just like NQ, ES tested Y-0 at the start of the week and then immediately selloff to Y-2. Y-1 acted as resistance giving the selloff more firepower to ...
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GBPUSD Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Resistance zone mentioned last week sent cable to new low against Y-1. 3 Pushes Down enabled cable to stage a come back to Y-0 crime scene. Stop hunt since then sent cable back up to where the spike reversal started. Closed the week above Y-0 and midpoint.
Outlook
B+1 / Y+1 strong resistance until proven otherwise. 2 weeks trapped within the wild range week is giving us a whiplash play if spike reversal against Y+1 happens again. The target for the setup will be Y-2.
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