Several Geometries Point To Rally | $EUR $AUD #ECB #RBA

FX:EURAUD   Euro Fx/Australian Dollar

This will remain a very short post. If you recall, last year, i released a long-term bearish signal, defining one numerical target and one nominal target (see today's dated technical note on "Predictive/Forecasting Model - Definition" in this thread:
Advanced Financial Market Geos - Educational Ideas & Discussions
for more on the significance of these distinct targets).


This DAILY chart shows older targets, as well as a new completed geometry at Point-5, which represents a solid floor.

Internal to that geometry, there are two dotted lines, each representing a projected connection between Points 1 and 4 (in the larger geometry), as well as a similar 1-4 Line projection off of an ipsi-directional pattern not shown at this scale that exists at the H4 level.

There is yet another same pattern at the H1, which is also not shown, but that would justify an interim decline to the approximate price level shown by the dashed orange arrow.

I would simply let the smaller, internal geometries complete for the time being.

Although the frame by frame updates will continue to be posted on this thread, I will add more technical comments on this:
Advanced Financial Market Geos - Educational Ideas & Discussions
, where several other charts are being discussed around "Advanced Financial Markets Geometries" topics.

Stay tuned,

David Alcindor
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
One comment missing...odd.
+1 Reply
@IvanLabrie - I have decide to remove comments that are not germaine to the thread. Comments that show personal trades, personal achievement or other piggy-backing can be shared in privacy or discussion forums. I would like to keep this as streamlined as possible, so that junior traders can easily go through pattern development, lessons, pearls and comments in as linear a fashion as possible.

Thank you,

David Alcindor
+4 Reply
IvanLabrie PRO 4xForecaster
Piggy-backing is not a term I take too kindly but well. I understand.
I was sharing my view on the EW count behind this pattern. I'm already long but I think it has one more leg down before it reverses. (It'd need to validate the top trendline wave 4 high in my view).
+2 Reply
@IvanLabrie - The term was not referring to your activity, but merely in reference to general observations i have encountered on forums about other traders tending to inject - So, I was using it as a cautionary example of things I would remove from this and other educational threads.

Please, accept my apologies if I was misunderstood. I should have explained this a bit better - Still. I will erase this and above related comments, simply to keep this on point and pertinent to the community.

In all my past and present efforts, all I seek is to avoid any personal directional belief, opinion, or sentiment, and only post the objective data resulting from my algorithm, the "Predictive/Forecasting Model". Junior traders and those that are still considering trading are likely to be stepping into a storm of misinformation, usurped ideas and misconstrued concepts. It is with them in mind, as I once was a long time ago, that I keep this and other educational thread streamlined, clear and concise in the best of my abilities, while opening the floor to questions, propositions and challenges that may further the understanding and curiosity into the large spectrum of technical analysis, not only for the edifying purpose of the novice, but my own as well.

In practical terms, the overall goal of this thread, and most of my general participation as a trader, moderator, and at times instructor, is at a minimum to promote sharing ideas that give others an incremental trading advantage, while eclipsing one's own need of personal advancement.

Trading opens the door wide to egos, and close the eyes shut to the mind, but that would be antithesis of my purpose throughout TradingView. Part of everyone's trading lesson is to stop trading first and gauge one's own emotional account, limit his sentimental assets and expose only enough fear of the unknown and greed for knowledge so as to remain one day more in the trade.

David Alcindor
+6 Reply
alex.a IvanLabrie
Are you kidding? This is not a linguist's website to argue or question, despite the description to be made through medium of language to assist the chart. Man - full of adjectives... I hope you were kidding, not serious ~ ^_^
Not sure what you mean...
David, exactly what is a "ipsi-directional pattern" ?
+1 Reply
Hello @ takefal - "ipsi" refers to "same side", such as ipsi-lateral - David
+2 Reply
this pattern iz decent i guess
+1 Reply
Yes, the pattern that is being shown is the discovery of Mr. Bill Wolfe. More on this pattern on his page: http://www.WolfeWave.com.

I would say this, as mentioned before: The Wolfe Wave ("WW") pattern is one that any trader should be able to trade without the use of any other pattern, strategy or methodology, and successfully trade for a living from it - David
+5 Reply
Also, looks like a potential 3 drives pattern inside that ending diagonal/falling wedge/wolfe waves pattern:

I defined a strong support using time at mode, at the level represented by the dashed line, which lines up nicely with this idea.
Potential s/r levels are represented by the horizontal lines.
My idea is that this move is an ABC zigzag in a monthly scale.
Target is ultimately 1:1 with the first swing up before the flat correction (which is the B wave containing a C wave in the shape of an ending diagonal in my opinion).

What do you think?
+2 Reply
@IvanLabrie - Cognitively speaking, I am probably the most handicapped person on TradingView. I am not able to see past two or three colors, and definitely not able to see through a fireworks of Roman and Arabic numerals ... So, looking into your chart, I can make out the outline of a WW in the floating Roman numerals. The rest is symmetrical projection which may or may not occur - At this point of my trading, I can see ten different ways and justification for price to move in a particular direction and arrive at a specific level, but that is rarely what ends up happening.

For this reason and outside of my predictive/forecasting model, I have tended to turn to patterns that clearly demonstrate a true intention. The risk of believing in geometry is that it is too often true, except at that time when the stakes are real and high.

Instead, what the mind needs to be able to sleep overnight when a trade unfolds is neither profits nor safety, but consistency from which to guarantee these two. I have the guarantee that symmetrical AB=CD patterns, as well as 3-Drives do exist, but the market will never tell me ahead of time through these simple patterns whether that is its ultimate intention to lay down that geometric path along which price will tread.

What the market might allow me to do is to lay down the 10,000 pieces of puzzles to let me fabricate a probable pattern ahead of me. But that is not the interest in trading, or it should not be that interesting to anyone to foretell the market. What should be interesting, I believe, is to use a pattern that foretells the moves which the market itself would not divulge: I would look for a friendly pattern, a price hound, a target-teller, a beacon in the sea of geometric debris.

+3 Reply
alex.a 4xForecaster
I thought "I" am the most handicapped person. LoL ~
alex.a 4xForecaster
Avez-vous pas d'accord?
30 AUG 2015 - Chart Update - Looking into finer grain level:


+3 Reply
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