Recap Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint.
Outlook Y+1 now support until proven otherwise. Retest of B+1 likely.
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Chart with key levels. Purple horizontal lines mark the 2012 range. Light purple horizontal line marks the 50% expansion. Blue lines down channel. Red lines ...
Lawrence's Comment
Recap
Upside target Y+2 tagged first, then downside target gap fill below was tagged later. Closed the week above Y+1.
Outlook
Stronger than Dow but weaker than NQ. ES has ...
Lawrence's Comment
Recap
The rare scenario unfolded with a w. spring at Y-1. That rejection of the previous week low points to a retest of its high. The test arrived at ...
Lawrence's Comment
Recap
As expected, ninja started weak and failed to clear even Y-1. That opened the door to Y-3. Flushed down to Y-3 and bounced. Closed the week below Y-1 and ...
GBPUSD Oct 19 to Oct 23 Outlook
Lawrence’s Comment
Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint.
Outlook
Y+1 now support until proven otherwise. Retest of B+1 likely.
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