GBP Ready to Breakout of Compression

Despite Brexit Hoopla, a high rank bottom extension triggered a end to the free fall, after weeks of consolidation ( aka. Compression = Extreme Low Hurst Across all time scales + Log Periodic Cycling) GBPUSD is poised for a break back to the upside. Expect the trend to last about 2 months.


ExtremeHurst™

ExtremeHurst is a quantitative detector of extreme investor behavior that signals the beginning or end of a trend. Strong trend-persistent stock price movements are evidence of positive feedback (i.e., investors buying because the price is rising, driving prices higher), while extremes of mean reversion are evidence of negative feedback.of both trend persistency and mean reversion are quantified via multiple measurements of the Hurst exponent. Parallax found that Hurst extremes coupled with other characteristics, signal the beginning or end of market trends.

Science Behind Parallax Extreme Hurst