#USDollar Stands At Crossroad; Favors Decline | $USD $EUR $DXY



At this point, USDollar index has reached a significant bearish entrenchment level. Transgression of this level would open the roof up to higher-highs, starting with a probable 1.618 extension as a point of termination for a 5th wave. However, what is occurring at the moment resembles more an Elliott Wave 5th wave truncation.


Predictive/forecasting model is turning to the bear side at this moment and provides its own targets, as follow:

1 - TG-Lo = 89.27 - 11 FEB 2015


2 - TG-Lox = 88.26 - 11 FEB 2015


Internal to the Elliott Wave's presumed truncation is the geometric development of a Triple-Top pattern, composed of an initial down-swing parabola, followed by a deeper-swing parabola.

This pattern is better known as a Kiss of Death ("KoD"), carrying some probability of sending price down to a level that should be lower than the lowest of the two parabola.


As the KoD defines its nadir at 93.26, this level aligns with a prior structural-top, this defining the resistance-turned-support ("R/S") mantra of a classic pivot level. This level could well be kept in sight by the most conservative player, although a bolder trade is offered by a richer RR ratio from the current level in which KoD completed (point-3 in purple).


Standard geometry (triple-top), advanced pattern (KoD) and proprietary model are favoring a decline from this level. A break of 95.48 level should serve as a trigger to abandon any immediate bearish scenario. However, the current level offers a generous RR that would be hard to resist.

If price did roll in the direction that would breach the nadir of KoD, it would effectively define a new structural level confirming a directional bias and thus opening the floor to stilll distant prop targets.

Stay tuned,

David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


David Alcindor

DXY speculative retrace to form point 4 of Wolfe Wave....please critique David.
+1 Reply
@iefan - It appears solid, especially if you back it up with a larger geometry, whose 1-3 Line would run through your current 1-3 Line, whereby your point-1 would constitute its point-3, and your point-3 its quasi-point-5. At least, it appears to offer these landmarks - David
+3 Reply
iefan 4xForecaster
Thanks very much David, trying to incorporate your earlier post or Nodules...... am I barking up the right tree?https://www.
+1 Reply
Hello @iefan - That range has already been absorbed by price action "in front of it", so there is no expected impact on price. Plus, nodes and nodules are mid-segmental, not at the top or bottom of a price action.

If you are looking at one in particular, the mid-segment between points 4 and 5 offers a probable NODE or nodule, depending whether the retracement from bottom of geometry to top represents a 0.382 retracement relative to Point-4.

+2 Reply
iefan 4xForecaster
Thank you David, please feel free to delete the post of mine above as I don't want to confuse the thread with inaccurate charts. I'm working on the next one :)
+1 Reply
@iefan - That's fine by me. It offers an example of do's and dont's - To keep charts arranged on topic, simply post as a reply under the corresponding chart, this will help others read that internal thread topic linearly.

+2 Reply
24 FEB 2015 - Update:

From Twitter/LinkedIn:
$DXY - Significant push-back at bearish entrenchment level of 95.00; Bearish outlook:

@tradingview $USD #usdollar

David Alcindor
+2 Reply
ElPatron.Y 4xForecaster
Hi David, any updates on this one?
23 FEB 2015 - Update:

From Twitter/LinkedIn:
$DXY eyes yet another bullish elan; 95.23 Bears strongest; Bearish tgts intact; Invalid > 95.48:

@tradingview $USD

David Alcindor
+1 Reply
13 FEB 2015 - Update:

From Twitter/Linked-In:
$DXY fell as forecast; Now stomped at 0.618 #fibonacci; Consolidation to 95.00 possible:

@tradingview $USD #forex

David Alcindor
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out