4xForecaster
Short

Exacting A Top-Reversal Using #elliottwave Pattern | #SP500 #ES

CME_MINI:ESU2014   S&P 500 E-MINI FUTURES
377 9 7
Friends,

Noteworthy geometric             festivities underway in e-Mini S&P500:


1 - AB = CD SYMMETRICAL GEOMETRY:

The simple ab = cd symmetrical formation is laid over entire price action within the chart. Its ending points to 1999.75 value.


2 - ELLIOTT WAVES' ENDING TRIANGLE:

EWP's End Diagonal is constructed by five waves, themselves build by a 3-wave             formation, which is the require for this common EWP             geometry, whose namesake position heralds a potential change in directional bias


3 - GOLDEN NUMBER AND GOLDEN RATIO:

The Golden Number is known as 1.618, which represents a unit of any dimensional object, adding upon its length the product of its height times the Golden Ration, such that 1 + (1 * 0.618) = 1.618.

Although many significant and occult numbers have sprung from more complicated derivations from the Golden number and its ratio, other occult numbers such as 0.309 and 1.309 can also take part in any geometric             development

In this particular case, 0.618 was divided by 2, and the result, or 0.309, was added to the height of bc's geometry, each half accounting for the height differential between ac and bd.


OVERALL:

All come to 1999.75 alignment, the potential reversal level to consider for this market.


Cheers,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter: @4xForecaster
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David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
TECH-NOTE: Infinite Geometries

Of course, one can also get lost in the infinite inner correspondences between pattern, projections and parallels.


snapshot




In this chart for instance, a simple Head & Shoulder is used for its inner dimensions. The neck line provides the symmetry for the pattern's head projection onto a L1 and L2 lengths used from the pattern's proximal shoulder to shoulder width.

Projected from the middle of the H&S geometry, L1 + L2 now define a width that is offset from the original pattern's shoulder to shoulder's width.

However, using this offset to our advantage, we connect each of the past ends to define a slope whose parallel becomes the resistance of a price as it ascended to form that would become the Head & Shoulder.

Here again, just for fun. Nothing to use in your strats, right?

... Or ... ?

It will be interesting to see IF and how price unfolds on the other side of this imposed geometry.


Cheers,


David Alcindor

+2 Reply
4xForecaster PRO 4xForecaster
TECH-NOTE:

The nice things about certain, more complex or less predictable market geometries (such as curves and angles), is that they are just that: Nice. Nite to notice, and nice to highlight, but they add little to no value to the trader if they do not confer any predictive value to your trading.

The following images are examples of simple to complex inter-related geometries. Thing is, so what? Is this useful information for the trader? Is it shareable? And can it be instantaneously brought up to sight? Simple answer is No, no and no.

Still, here are some of the infinite geometries where price, line and combined geometries interact at interestingly actionable points, had we known about it, right?


A SIMPLE ARCH DEFINES THE PARABOLIC COURSE OF PRICE OVER TIME:
snapshot



TWO SIMPLE ARCHES BRACKET PRICE AS RESISTANCE/SUPPORT OVER TIME:
snapshot



A THIRD ARCH OFFERS THE SPRINGBOARD FROM WHICH PRICE BREAKS OUT OF THE FIRST TWO ARCHES:
snapshot



A FOURTH ARCH DEFINES PROVIDES THE CROSS-OVER POINT FROM WHICH AN SWING LOW CARVES OUT A NEW STRUCTURAL LOW:
snapshot



... A never ending proposition ...


Cheers,


David Alcindor
+2 Reply
fximperija 4xForecaster
Fantastic discovery about PA behavior, mate. I believe SPX has topped @2008.
snapshot
+1 Reply
Pull it a wee-bit more and we would be matching quite well (interestingly, by using another method, but still).

I would seek to align the bottom lows with the circular pattern, may be.

- David
Reply
4xForecaster PRO 4xForecaster
ADDENDUM - Discreet market geometries & Pattern Correspondence:


ES - H1:

snapshot



David Alcindor
+1 Reply
IvanLabrie PRO 4xForecaster
You'd say an arched top is a sign of weakness?
+1 Reply
@IvanLabrie - The arches are incidental findings. I am not sure what they mean, but the pattern dashed out is Bullish. I am not confident to say that they'd be any correlation between arch direction and directional bias of the market, but here it would be a contradictory situation if there were such a rule, considering the dashed pattern's expectation to send price upwards - David
Reply
IvanLabrie PRO 4xForecaster
yeah, but I mean before the completion of the arch, it points to a retracement. I noticed arcs point the other way around on up legs. Fun to watch, not sure I'd use them as you say :D
+1 Reply
thanks David for this post
+1 Reply
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