This page will be left open for the purpose of introducing traders to a variety of financial market geometries. While most of the geometric patterns are well know, such as H. M. Gartley's , Scott Carney's Bat, , , ... as well as Robert Prechter , Bill Wolfe's , the emphasis will be to look at specific geometries, not necessarily naming each patterns, although if and once recognized, the credit should be rendered as it is always due.
You will soon realize that the majority of the patterns approximate those of Bill Wolfe's . Although I have not been a student of his, I have studied this and other related patterns on my own and developed my own naming, not for the purpose of usurping Mr. Wolfe's pattern ("WW"), but simply because the analyses of this and other patterns are intimately derived from my own proprietary patterns (Janus, Great White, Euclidean) and occult geometries (nodes/nodal core, nodules/nodular core, euclidean modules).
Some of these concepts will be revealed and explained in the course of this thread, others will remain proprietary. The interest here is to offer the novice and advanced trader new insights and trading ideas, enhanced involvement in technical discussions, and the opportunity to widen his or her trading armament.
I hope that you will enjoy this thread, and if it becomes active to a level of potential confusion as we seek to display ideas about Forex, indices, , and stocks, then I might open a new thread on a single trading element.
For the time being, I will start by posting some potential geometric development, all of which is for educational purpose. So, due your own due diligence, as always.
Stay harmoniously tuned,
Predictive Analysis & Forecasting
Denver, Colorado - USA
CMT Affiliate #227974
Alias: 4xForecaster (Twitter)
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Q: "How is it that $EUR could rise to that geometric level?"
Look for $DXY ... Click on this chart to link to initial analysis:
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However, there is a slightly larger Geo that engulfs the one you just defined.
Applying the Predictive/Forecasting Model, there is also room for further downside ... The Model projects the following targets:
1 - TG-Lo = 13.23 - 21 MAY 2015
2 - TG-Lox = 12.78 - 21 MAY 2015
From a Fibonacci standpoint, a 0.786-Fib level is also pending below, providing an added approximation to the Model's TG-Lo - Your Geo is very much, and a rallying is definitely supported by your Geo alone. However, if I were to combine it as a background feature, and instead supplant it by the Predictive/Forecasting Model as a foreground feature, then I would look for any weakness or delay in this first rally expectation, and see whether price is willing to pull lower. In such a case, the larger, encompassing Geo might take over the fate of price action.
Something to watch, definitely.
I tried to find a larger GEO but I guess I didn't have the eyes to spot that point 1 in your chart yet. And also, I need to learn more tools to understand price movement. I will keep an eye on this target and have the thread updated. Than you!