Trading Edges That Last
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Lawrence's Comment Recap Like NQ, gapped above Y+1 and immediately dropped back down. The FBO gave us at least Y-0 as target and indeed that was tagged before a huge ...READ MORELawrence's Comment Recap Pullback to near Y-0 as expected. Going sideway consolidation around previous week close in 50% range. Closed the week above Y-1 and near midpoint. Outlook Consolidation after wide range ...READ MOREWeekly Cycle Projection (GBPUSD) 2022-07-18Intraday Cycle Projection (GBPUSD) 2019-04-233DP Odds Table (GBPUSD) 2012-02-063DP Odds Table (GBPUSD) 2016-05-30Precog Vision – Forex 2019-8-29Intraday Cycle Projection (GBPUSD) 2022-07-21Precog Vision – Forex 2014-12-10Intraday Cycle Projection (GBPUSD) 2013-02-08S&P 500 Dec 10 to Dec 14 OutlookNasdaq 100 May 09 to May 13 Outlook
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GBPUSD Nov 17 to Nov 21 Outlook
Lawrence’s Comment
Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal expansion target. Closed the week near Y-2 and below midpoint.
Outlook
Daily down trend continues. Y-1 / B-0 strong resistance. A test of B-1 first and held will give us a bounce back up there. Without that, more downside is expected.
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