$CADCHF | Targets Defined | Geo In Progress

FX:CADCHF   Canadian Dollar/Swiss Franc
Hello Traders,

$CADCHF is calling for a Geo' completion at 5" (Double Prime). Where as, my target for this pair is 0.72652, followed by a retacement back to 0.73843 completing Geo's Off-Set rule #3.

As always I look for symmetry in the Geo', (which is a twist added to the Wolfe Wave by 4xForecaster).

Always looking for the following in the Geo'.

1. ab=cd symmetry between points 1 and 2
2. ab=cd symmetry between points 2 and 3(although you might not always get this).
3. AB=CD symmetry between points 2-3 and 4-5. This final step typically tells you where the Geo' will complete.

In this case, I am looking for it to go below the AB=CD symmetry before it retraces back to complete Geo's Off-Set Rule #3.

Keep in mind the rules of the Geo':

1. Point 5 calls for 1-4 line as target (Bill Wolfe's rule for the Wolfe Wave ).
2. Point 5' (Prime) calls for point 4 as a target.
3. Point 5" (Double Prime) or lower, calls for point 3 as a target.

If you find this post helpful and would like more posts in greater detail, please let me know by liking, commenting and following.

Comment: Update:

Geo is compromised. But the target in yellow still remains in tact.
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