4xForecaster

$CAD v $CHF - Geo Eyes 0.74965 | #BOC #SNB #Loonie #franc #Forex

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
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22
QUICK ANALYSIS:
( ... This is all educational, not a trade recommendation ... )

First, thank you to @fmg for this timely request in the $CAD/Predictive Room.

Second, here is a potential Geo completion at its 5'' position ... Predictive/Forecasting Model recommends waiting pending 0.76940:


Per Geo's Off-Set Rule #3, a high-probability target is defined at the 0.74965/0.74888 range.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Comment: 19 NOV 2015 - Chart Update / Tech-Note:

In case you are into these kinky things, here is a perfect alignment ... Reciprocal ab = cd symmetry equals Predictive/Forecasting Model's target:


David Alcindor
Comment: 26 NOV 2015 - Chart Update / Tech-Note: * * * TARGET-HIT * * *


Expecting a reversal near 0.77166 ... Consider a 1.414 of 1.414-FE SL.

David Alcindor
Comment: ADDENDUM - Reversal from 0.77166 would probably seek a minimal reversal to 0.74272, or at the 0.386-Fib handle:


David Alcindor
Comment: TECHNICAL ADDENDUM:

A Stop-Loss defined as a 1.414 of 1.414-FE would defined this illustrated level:


David Alcindor
Comment: 27 NOV 2015 - Chart Update / Tech-Note:

The pink line refers to the 1.414 of 1. 414-FE ... Price is currently receding from there:


David Alcindor
Comment: 29 DEC 2015 - Chart update / Tech-Note:

$CADCHF reversed from 5'', hit Geo's Rule #3 target. Now 0.70395 pending:


$CAD $CCHF #BOC #SNB #loonie #franc

Best,


David Alcindor
Comment: 07 JAN 2015 - Target Hit:


Best,


David Alcindor
Comment: 26 JAN 2016 - Chart Update / Tech-Note:

Here is an update on this pair, using a DAILY view:


David Alcindor
Comment: 26 JAN 2016 - Chart Update / Tech-Note:

* * * Typo = Prior entry date should read "24 JAN 2016", and not 26 JAN 2016 * * *
Comment: 26 JAN 2016 - Chart Update / Tech-Note:

Price rose to 0.72587 as forecast retraced, no receding from that structural level ... Still expecting price to follow dashed forecast ... 0.68480 remains the lowest expected support, although a reversal to the UP-side at a higher level remains probable. So, use these parameters as R/S levels:

Overall targets remains intact.


David Alcindor


David Alcindor
Comment: 02 FEB 2016 - Chart Update / Tech-Note:

Forecast remains true and precise, with a recent consolidation occurring along the 1-4 Line as expected.

Predictive/Forecasting Model calls for a limited decline before another push. Expect this to represent a time-consumptive event, as pre-defined by the dashed arrow.

Best practice would be to wait for a BACA > 0.72587 as a signal of bullish reprise towards the bullish targets:


Best,


David Alcindor

Comments

Quality work!
+1 Reply
4xForecaster ElPatron.Y
Thank you @Yahia.Awes, much appreciated - David Alcindor
Reply
Can this target along with the point a (of the ab=cd structure) be considered a double bottom in a longer time frame chart?
+1 Reply
Hello @abail - What longer timeframe are you referring to? Feel free to post a chart - David
+1 Reply
abail 4xForecaster
sorry David, my confusionI was just solely looking at your update not the primary chart. What is your opinion on what is coming up? more down?
+1 Reply
@abail - Is this potential geometric development making sense to you?

What it does in terms of Elliott Wave principle is to complete a 5-wave impulse to the downside, in which a triangle is the terminating expression of this overall move. This is what I am expecting out of the current development.

David
+2 Reply
4xForecaster 4xForecaster
@abail - f you are referring to the bottom from recent Point-a in the frame, then yes, this is by definition a double-bottom. However, a larger context is best to consider. For instance, in the same timeframe, this would represent a triple-bot:


One may also extend support lines and see that a gentle slope might offer its own support (one that I would favor):


One way to rationalize this possible "slope" expectation is to look at recent price action and perhaps appreciate that a potential geometry is also developing:


Best,

David Alcindor
+3 Reply
abail 4xForecaster
Thank you so much for your clarification.
+1 Reply
You are very welcome.

David
+1 Reply
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