4xForecaster

$EUR Hit Worst-Case Scenario Target; Expect Recoil | #forex $USD

FX:EURUSD   Euro / U.S. Dollar
1678 46 12
Traders,

As we anticipated a 1-4 Line validation following the completion of the Wolfe Waves pattern above, price did fall as expected, but fell below the qualitative target at TG-Lo = 1.28377 - 05 SEP 2014. As we turned to the model for its "Worst-Case Scenario" (i.e.: the outer most bearish value considered), TG-x = 1.26696 - 13 SEP 2014 was defined as such abysmal target.

At this point, same model expect a significant retracement. Consider "1.33307 - 13 SEP 2014" as a possible target, which is an approximation of a Scott Carney's 5-0 pattern completion level.

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
27 NOV 2014 - Update: ... Feels like we've been chasing this one down. It remains a low-probability play due to prior inaccurate/low precision forecasts ...

From Twitter:
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$EURUSD chart illustrates low-probability Scott Carney's 5-0 completion:

snapshot


via tradingview | $EUR $USD #forex #ECB
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snapshot



David Alcindor
+1 Reply
Serse 4xForecaster
I David could you please update this chart
Reply
hello Hamed 1.23500 under the new support level 1.23630 I think if Nfp up announced with break 1.23500 falls to 1.22600
Reply
HamedAghajani PRO manijeh.kazemi.33
Yes. Thanks. I meant how do you calculate these numbers; 1.2350;1.2260;1.2363 Would you please share a chart, if I am not asking a lot. Kindly, Hamed
Reply
hello david today if NFP up announced EurusD with break 1.23500 falls to 1.22600
Reply
HamedAghajani PRO manijeh.kazemi.33
Hi Manijeh Khanoom, how do you calculate these levels. Just pondering.-Hamed
Reply
07 NOV 2014 - Update:

From Twitter:
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$EURUSD hit worst-case scenario target @ 1.24052; Retracement potential pending:

snapshot


via @tradingview $EUR USD #forex
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snapshot



David Alcindor
+1 Reply
31 OCT 2014 - Update:

From Twitter:
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$EURUSD nears bearish target @1.24052; Low-prob 50% retracement follows:

snapshot


via @tradingview | $EUR $USD #EURO #Forex
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snapshot



David Alcindor
+2 Reply
nikokoev 4xForecaster
Hi David! I was start counting impulsive move for wave 5, but price overlap subwave 1. Now I think, that IF wave 4 is complete, wave 5 will be ED (will drop with triples). From other side IF wave 4 is not complete now we see running flat, wich is not tipical for wave 4.
snapshot
+1 Reply
Niko, the wave count is still good. Sub-wave-1 has not been infringed upon. The retracement does NOT count as a 4th wave retracement - David
+1 Reply
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