4xForecaster
Long

$AUD / $CAD - Completed Geo.; Rally To 1-4 Line Probable #forex

FX:AUDCAD   Australian Dollar/Canadian Dollar
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Large geometry completed at Point-5. Waiting to cross > level of point-3 is the prudent, time consumptive part of this long consideration.

Look for discreet overhead resistance as shown. Bulls are coming in force.

Predictive/Forecasting Model will likely churn a precise target level.


David Alcindor
Predictive Analysis/Forecasting
Denver, Colorado - USA


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David Alcindor
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NOTE: Prior $AUDUSD Dead-On Hit:
11 July 2015

$AUDCAD

Hi David. Would you please review my chart. Also are is there a way of determining which has a higher probability, a decline to Geo Point 5' or a rally from this point to the 1 - 4 Line? As always thank you for you time.

Best

Iefan
+1 Reply
13 MAY 2015 - Update:

Twitter/LinkedIn:
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$AUDCAD hit target at 0.97175; New bar eyes lower-prob. 0.97952 target; Bullish:



$AUD $CAD $USD #RBA #BOC #forex
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David Alcindor

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Tech-Note:

This was one long trade to the TG-Hi. However, remember that based on the "Off-Set Rule", the geometric overlay demands validation of the 1-4 Line.

In the foreground of this is the Predictive/Forecasting Model, which is now remains unanswered by one target at TG-Hix.

I hope you enjoyed this trade from its inception (green square in the field).

Best,


David Alcindor
+2 Reply
HamedAghajani 4xForecaster
Thank you David, I have benefited from this idea, throughout. Kind regards, Hamed.
+1 Reply
takefal 4xForecaster


David, I think correctly for the creation of point 4; in general, it is correct the set up of lines 1-3 and 2-4; Thank you for your anticipated commentary.
+1 Reply
Hello, @takefal,

There are several things to consider in this nascent Geo.

First, the VISUAL placement of Geo-Anchor. Typically, when one looks back at the Geo-Anchor and imagine to have had the opportunity to place it early as price was still developing, it tends to become obvious that very few choices arise, which is good, since we want to deal with as little a number of choice, so as not to be too confused.

In this case, I can see only one choice, and it is simply directed by the number of validations (see the two pink arrows in the chart, where a lower placement of the SPECULATIVE 1-4 Line offers this "best choice", again simply on the basis of maximal number of validation points. Although this may change in the course of the Geo development, so far, this is all that we have at our disposition, and therefore, this is what we have to consider.

Second, the placement of Point-4. As I have noted before, there can typically be one or two "pseudo-Point-4" positions, simply because the complexity of the 2-3 Leg will tend to have us consider a structure low/high as that pace from which a 3-4 Leg completed, when in fact, the 2-3 Leg is still under development. In my experience, the first opportunity to define a Point-4 often is the fake residence level (see as a RED asterix in the chart).





This means that at this moment, one should be guarded against the temptation to define a final resting point for Point-4 (hence left as an exclamation mark in GREEN in the chart).

Your chart outlines the gist of how to prepare for a Geo, using the 1-2 Leg symmetrical ab = cd, and cautiously testing the loose 1-4 Line as we are still trying to anchor it across that wobbly geometric divide.

Nice pick up on it. I have added below a small refinement of your proposed outline, based on the points discussed. In the background remains a larger Geo, whereas the Predictive/Forecasting Model remains in force and intact, awaiting further validation of its last target. In the context of your chart, it all looks like it is falling in line, promisingly.

Fridays are typically times when markets are torqued and disrupted in such a manner as to stretch the elastic and release it at market's open on Sunday afternoon, so again, this all falls in line.

Have a fantastic weekend, and thank you for contributing to this thread.

Best,


David Alcindor
Reply
takefal 4xForecaster
David, Thank you for your detailed placement. I'll wait for the opening of markets to see the evolution of this geometry and especially the ending of point 4. Good weekends !!!
+1 Reply
ccake28 4xForecaster
Hi David. Any further update on these pairs? Thanks
Reply
ccake28 4xForecaster
Hi David. Any further update on AUDCAD? Thank you
Reply
08 MAY 2015 - Update:

From Twitter/LinkedIn:
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$AUDCAD remains bound to 0.97175 forecast; Bulls remain in charge:



$AUD $CAD $USD #RBA #BOC #aussie #loonie #forex
----------





David Alcindor
+3 Reply
04 MAY 2015 - Update:

From Twitter/LinkedIn:
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$AUDCAD may be signaling an imminent point of departure towards forecast targets:



$AUD $CAD $USD #RBA #BOC #forex
----------





David Alcindor
+3 Reply
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