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:
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
Hi David, is it likely that Point 4 has shifted as charted below?
4xForecaster
⋅
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
iznogood
⋅
Hi David, i still have problem to recognize point1.
Can you give me some advice to solve this?
4xForecaster
⋅
@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.
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
iznogood
⋅
lol... thanxs for the tip man. By the way, i like your humor...:D
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