Trading Edges That Last
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Lawrence's Comment Recap Test of Y+1 failed on first try sent NQ back down to Y-0. Y-0 support sent NQ on 2nd try to Y+1. FBO Y+1 sent NQ down to almost ...READ MORELawrence's Comment Recap Aussie bounced back to resistance as expected early in the week. But instead of crashing downward, it held Y-1 and then zoomed back up to Y-0. Closed the week ...READ MORE3DP Odds Table (GBPUSD) 2018-11-16Precog Vision – Forex 2017-9-21Nasdaq 100 Sep 15 to Sep 19 Outlook3DP Odds Table (GBPUSD) 2021-03-09Weekly Cycle Projection (GBPUSD) 2023-03-20Intraday Cycle Projection (GBPUSD) 2022-04-06S&P 500 Sep 16 to Sep 20 OutlookDow 30 May 07 to May 11 OutlookAUDUSD Jun 17 to Jun 21 Outlook3DP Odds Table (GBPUSD) 2019-06-14
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GBPUSD Nov 04 to Nov 08 Outlook
Lawrence’s Comment
The other easy play for the week. Failed to push above Y-0 and dropped straight down to Y-2 target mentioned last week. Consolidated around Y-2 and gave us a flush down to Y-4. Closed the week near week low and below Y-3.
Outlook
Tower reversal is rare but a very reliable price pattern across all major financial markets. At this point Cable likely has its weekly swing top in place.
Strong reaction to the drop is expected. A bounce to Y-2 is possible. Focus on short side only until bottoming price pattern develops.
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