4xForecaster

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

FX:EURUSD   Euro / U.S. Dollar
1683 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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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:



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



via @tradingview $EUR USD #forex
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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:



via @tradingview | $EUR $USD #EURO #Forex
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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.
+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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