4xForecaster
Short

WW Pattern - Relevance of Point-1; 4xQuad's "Tunneling" Concept

FX:CADJPY   Canadian Dollar / Japanese Yen
194 2 6
WW Pattern - Releveance of Point-1:

At this point, where price has reached the projected level of Point-1, one should expect a possible reactive rally, preferably back to the underbelly of the 2-4 Line.

Now, whether this occurs of not is a matter of whatever the chart decides to do, but the experienced WW pattern trader would probably wait for this to occur, as a matter of added confirmation.

More on this pattern development as price evolves.

In the mean time, read in the thread the discoveries 4xQuad made in this pattern, especially the rules of pattern definition, as well as the new concept of "Tunneling" as a way to define the important 1-4 Line.

Cheers,


David Alcindor | 4xQuad.com
David Alcindor
Alias: 4xForecaster

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Hi David, Has the 4xQuad.com domain has been taken by somebody else. when I click it directs me to a sex-related weblog. This is one of the odds of this cyber world
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4xForecaster HamedAghajani
Hello @HamedAghajani - Yes, I gave up the 4xQuad name a few months back. Since then, it has been taken over by some escort service. They teach a different type of lesson, but it might be less technical, more fundamental ... Who knows.

David
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