GWaves
Short

$EURUSD | GEO & AB=CD Pattern Complete | 1-4 Target Line

FX:EURUSD   Euro / U.S. Dollar
255 0 10
Hello Traders,

Here is a classic set up of the Geo'. We have a completion of the AB=CD pattern which typically indicates that the Geo' is complete. Since 5' (5 Prime) was not hit I expect a target of the 1-4 line.

The target here is based simply off of the rules of the Geo', where:

Completion at point 5 = 1-4 line
Completion at point 5' = Geo's Off-Set rule at point 4
Completion at point 5" = Geo's Off-Set Rule at point 3

Best,
Chartistry
Comment: 5' Hit. Highest probability target is now point 4.

Comment: Geo's Off-Set Rule at point 4 and the 1-4 line shown in original chart remain in force.
Comment:

Watch for the dashed arrow as a potential trajectory for price.

Also, look for TG-1 as the next highest probability target after Geo's Off-Set Rule is hit.

Best,
Chartistry
Comment: UPDATE: Although this post was abandoned, all targets were hit and fascinatingly, the 1-4 target line was hit as well. This is a lesson that any time a Wolfe Wave is present, it should be observed and respected.



Best,
Chartistry
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