This exercise was aided by the method I develop, which simply consists of defining a "Geo Anchor", or a supportive inflection points that typically emerges out of Point-2 to Point-3 leg. This is in lieu of the rudimentary connection between points 1 and 2 - The benefit of the "Geo Anchoring" is that it optimizes the chance that price will return to it, as it will tend to find a more proximal residence. In contrast, the mere plotting of a standard 1-4 Line at these respective points is at times associated with near misses.
Again, this exercise is for a background pattern analysis, whereas the foreground is represented by the product of a Predictive/Forecasting Model, which yielded the following qualitative targets:
1 - TG-Hi = 1.09373 - 22 APR 2015
2 - TG-Hix = 1.04020 - 22 APR 2015
As the geometry continues to move towards the definition of its Point-5 along its 1-3 Line, the Predictive/Forecasting Model remains the main feature of the price study.
Predictive Analysis & Forecasting
Denver, Colorado - USA
As just explained, this trade has reached all of its targets. Because this occurred in excess of TG-Hix, the H1 timeframe is now abandoned and I will post a chart illustrating price action at the H4 level, once there appear to be a sensible geometry coming through.
Thank you for following through this analysis - I hope it benefited some of you.
Also, do not forget that KoD ... A higher attainment from current level is VERY probable, completing that KoD.
I have posted several opportunities in the pat when a KoD might develop. They are most powerful at significant historical tops/bots, and less see at relative highs/lows.
Is this answering your question?