Trading Edges That Last
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Lawrence's Comment Recap Rallied above Y+1 right after the holiday weekend. Gapped to Y+2 and force another pop higher to Y+3 before Dow stalled. That 2nd pop is in the backdrop of ...READ MORELawrence's Comment Recap Y-0 failed to act as support right from the start of the week. Dropped to Y-1 since and then breakdown to Y-2. Closed the week below Y-2 and near ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREDow 30 Jan 28 to Feb 01 OutlookS&P 500 Dec 14 to Dec 18 OutlookWeekly Cycle Projection (GBPUSD) 2021-09-13Precog Vision – Forex 2018-7-16Intraday Cycle Projection (GBPUSD) 2022-03-153DP Odds Table (GBPUSD) 2016-08-12Precog Vision – Forex 2022-1-21AUDUSD Jul 10 to Jul 14 OutlookPrecog Vision – Forex 2017-7-27S&P 500 Oct 17 to Oct 21 Outlook
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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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