$USD vs. $MXN - Wolfe Wave Offers High-Prob Target | #forex

Friends,

A Wolfe Wave completed its fifth and last plot at Point-5. This offers a high-probability reversal with this geometry's 1-4 Line a probable level of attainment (along grey dotted line).

Alternatively, a high-probability target is offered through the Geo's use of its internal "Geo-Anchoring" (green star points to the best-fit anchor point along the rule-based 2-3 Leg.

OVERALL, Wolfe Wave is the dominant geometry in the field, casting its 1-4 Line as a high-probability target. A more proximal target of higher-probability stands via the Geo. Partial off-load might be considered at that level.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Comment:

09 JAN 2016 - Chart Update:

As per comment made today, here is a probable resistance level, as this pair remains bearish with targets in force:

David

Comment:

11 JAN 2016 - Chart Update / Tech-Note:

Look for significant resistance, high-probability reversal at the range defined in this chart:

Look for a conservative 38.6% retracement at a minimum, bringing price to a "transmural" level corresponding to Point-1.

David Alcindor