4xForecaster
Short

Bears Batter Bulls At 1.94617; Bearish Outlook $GBP $AUD #forex

FX:GBPAUD   British Pound/Australian Dollar
900 19 17
This past April 21th, the Predictive/Forecasting Model churned out the following two qualitative targets:

1 - TG-Lo = 1.87545 - 21 APR 2015

and

2 - TG-Lox = 1.85918 - 21 APR 2015


A geometric             overlay provides a visual reference to support above forecast, whereis a Point-4 pf             a larger system may have completed a Double-Top with a preceding Point-2 of a lesser size geo             .

As the lesser geo             unfolded, structural analysis suggested a probable bearish entrenchment corresponding to the lesser geo's Point-4.

As this level was revisited, the integrality of the lesser geo             remained intact, and the recent reversal prompted this chart, as well as the following complimentary social media share:


From Twitter/Linked-In:
----------
$GBPAUD: Bears continue to interdict bulls at 1.94617 as forecast; Targets intact:

snapshot

$GBP $AUD $USD #BOE #RBA #forex
----------


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


-----
Twitter:
@4xForecaster

LinkedIn:
David Alcindor
-----

.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
4xForecaster PRO
2 years ago
27 APR 2015 - For the record, this chart from 12 FEB 2015:


snapshot

(Source and analysis:
Backward Market Geometry | #technicalanalysis #forex #fibonacci
)


David Alcindor
+2 Reply
Javier PRO
2 years ago
Thanks David ! I am following this cross to short ... Based on the weekly rsi I agree with you
+1 Reply
4xForecaster PRO Javier
2 years ago
Hello @javier - Feel free to provide a visual of the chart you are are referring to - David
+1 Reply
Javier PRO
2 years ago
https://www.tradingview.com/image-download/7roV2UPa/
Reply
Javier PRO
2 years ago
I do not Know if you can see the graph .... Support becoming resistance
+1 Reply
4xForecaster PRO Javier
2 years ago
@Javier - Cut/paste the graph address (URL) in the top-right icon in the writing field. Once you push "Insert", and then "Send Reply", the chart will show in the text.

David
+1 Reply
Tom_Killick PRO
2 years ago
Thank you for your analysis(es)

Your humbleness i've seen in previous ideas, as well as this one taught me a personal level.

My warmest regards.
thank you.
Tom
+1 Reply
4xForecaster PRO
2 years ago
28 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$GBPAUD meets pivot, mulls probable retracement before further downside to target:

snapshot


$GBP $AUD $USD #BOE #RBA #forex
----------


snapshot



David Alcindor
+2 Reply
iefan PRO 4xForecaster
2 years ago
8 MAY 2015

$GBPAUD

Hi David, is it likely that Point 4 has shifted as charted below?
snapshot
+2 Reply
4xForecaster PRO iefan
2 years ago
Hello @iefan - yes, the Predictive Model remains bearish on this one, and its target remain in force. Whatever the geometry is doing has not changed the Model's Qual-Target. I have added to my shorts near the tip of the new Point-4, as a KoD completed right there (smaller parabola formed at the prior narrow double-top, and now a third attempt and rejection of current level will serve to complete the KoD construction).

TG-Lo remains in force.

TG-Lox (purple, unmarked date and value) remains unchanged as well.

David
+4 Reply
iznogood 4xForecaster
2 years ago
Hi David, i still have problem to recognize point1.
Can you give me some advice to solve this?
+1 Reply
4xForecaster PRO iznogood
2 years ago
@iznogood - Point-1 is the floater in your eyes. You look for it, and it will not let itself be seen, much like stars at night, which can best be seen using your peripherals.

Here is a simple instructional video:

https://www.google.com/search?q=use+your+peripherals&ie=utf-8&oe=utf-8

David
+3 Reply
4xForecaster PRO 4xForecaster
2 years ago
Okay, bad humor.

The most important plot in the entire geometry is Point-3. If you look for Point-1, you will not find it without the use of Point-3.

Now, remembering the basic construction rule, which define the 1-3 Line as down-slope for a geo that is above it, and for a price that would rise from Point-5. In this case, the entire price action is carving lower lows, but narrowing in amplitude. Hence, the shape of the geo should appear grossly to your mind's eyes, much like looking at stars indirectly, hence: "Use your peripherals" (I could not resist posting that moment in the 40-Year Old Virgin, sorry if you find it bizarre).

Now, all you need to do is to look for a lower inflection defining your Point-3. Once you have that, simple draw a HORIZONTAL from that assumed Point-3, then TILT that horizontal line so that its LEFT end meets a structure (i.e.: a smaller inflection along the swing that would define the 1-2 leg).

Keep that horizontal at the closest angle at the flattest angle, as you seek an anchor point for Point-1. What you will end up with is a slope that is the gentlest and closest to the horizontal. Too steep a slop will not likely produce a reliable geo, and too flat a 1-3 Line (i.e.: in case there was no good inflection to offer an anchor for Point-1) should make you hesitate as to the existence of a geo.

Is this making sense?


David
+3 Reply
iznogood 4xForecaster
2 years ago
lol... thanxs for the tip man. By the way, i like your humor...:D
+1 Reply
iznogood 4xForecaster
2 years ago
...but It is very subjective in to my eyes!
+2 Reply
4xForecaster PRO iznogood
2 years ago
Stop looking for it. Close your eyes and draw it with your non-dominant hand over and over again. I am serious. This is an exercise I have been teaching consistently, as it will help condition your mind to impose it onto the field before the pattern appears on its own.

But most importantly, do not begin at the beginning. That is, let the pattern come to your mind's eyes, and this has to occur ONLY once a probable Point-3 takes shape. Move away from the chart, erase any geometric shape from the field, and remove any indicator.

The forces of habit, the distractions of biases and presumed directions from lines, shapes, patterns will contradict what should and will come to you naturally. Much like forcing your memory to remember a term that is dangling at the tip of your tongue, you have to turn the mental habit upside down.

There is a natural "closure" habit which the brain does for you on any visual field, be it a chart (being tricked by a classic pattern, when price will reverse instead), the moon (which always appears round in the sky, even when its outer edge is not completely visible), or any things for which the force of habit will complete the "visual sentence" for you. As much as we hear what we want to hear, the baseline activity here is that you are bound to see what is mst familiar, even when it is not yet here.

To rid of the familiar and reset that habit into a high-probability pattern, you will have to let go of outlining patterns, and instead look at the general movement of price. Once the internal move becomes easy to predict (for instance, you will often see that the 1-2 leg is symmetrical, whereas the 2-3 leg is very contorsed and made up of several internal zig-zags), then you will probably cease to cloak the pattern is pay attention less to its skin, and more to its skeletal development.

Right now, forget Point-1, as it does NOT exist without Point-3's permission.


David
+4 Reply
iznogood 4xForecaster
2 years ago
Impressive thoughts not for charting only but as living guidance also.
Tnxs David...;)
+1 Reply
iefan PRO
2 years ago
8 June 2015

$GBPAUD Hi David. Please could you check if I have plotted this WW Geo correctly, particularity the AB-CD between Point 1 and Point 2. Many thanks. Iefan
snapshot
+2 Reply
4xForecaster PRO iefan
2 years ago
Hi @iefan,

Looks great!

David
+2 Reply
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