$GBP v. $AUD - Geo Eyes 2.19 | #BOE #RBA #aussie #forex $AUDUSD
Friends,
As per last week, $GBPAUD reached its geometric target along the Geo's 1-3 Line - See the frame-by-frame completion of that target in the thread below, immediately following this analysis.
For now, we are concentrating on the Geo's 5-point completion at its ectopic 5-prime (5') - As explained before, this placement is important as we seek a high-probability target if and once price reverses from either Point-5, Point-5' or Point-5''.
What the Geo offers is a ranking of probability in terms of attainment if and once price reverses from these Poin-5 alternatives, such that a geometric compensation occurs as price adversely excurse beyond the 1-3 Line. This forms the basis of the Geo's Off-Set Rule, which states that:
1 - Reversal from Point-5 offers the highest probability attainment along the 1-4 Line (Wolfe Wave target) - Rule #1;
2 - Reversal from Point-5' offers the highest probability attainment at the price level corresponding to Point-4 - Rule #2;
and
3 - Reversal from Point-5'' offers the highest probability attainment at the price level corresponding to Point-3 - Rule #3.
In the chart, a reversal from 5' would thus offer the highest probability reversal at the price level corresponding to Point-4, whose range is 2.103 to 2.200.
As of this writing, a new candle formed, but the 5' validation remains pending (i.e.: price validates the 2-4 Line originating off of Point-3.
OVERALL:
Bearish outlook based on the geometric compensation that constitutes Rule #2 of the Geo's Off-Set Rule.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
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Twitter: @4xForecaster
LinkedIn: David Alcindor
TradingView: www.TradingView.com/u/4xforecaster
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.
As per last week, $GBPAUD reached its geometric target along the Geo's 1-3 Line - See the frame-by-frame completion of that target in the thread below, immediately following this analysis.
For now, we are concentrating on the Geo's 5-point completion at its ectopic 5-prime (5') - As explained before, this placement is important as we seek a high-probability target if and once price reverses from either Point-5, Point-5' or Point-5''.
What the Geo offers is a ranking of probability in terms of attainment if and once price reverses from these Poin-5 alternatives, such that a geometric compensation occurs as price adversely excurse beyond the 1-3 Line. This forms the basis of the Geo's Off-Set Rule, which states that:
1 - Reversal from Point-5 offers the highest probability attainment along the 1-4 Line (Wolfe Wave target) - Rule #1;
2 - Reversal from Point-5' offers the highest probability attainment at the price level corresponding to Point-4 - Rule #2;
and
3 - Reversal from Point-5'' offers the highest probability attainment at the price level corresponding to Point-3 - Rule #3.
In the chart, a reversal from 5' would thus offer the highest probability reversal at the price level corresponding to Point-4, whose range is 2.103 to 2.200.
As of this writing, a new candle formed, but the 5' validation remains pending (i.e.: price validates the 2-4 Line originating off of Point-3.
OVERALL:
Bearish outlook based on the geometric compensation that constitutes Rule #2 of the Geo's Off-Set Rule.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter: @4xForecaster
LinkedIn: David Alcindor
TradingView: www.TradingView.com/u/4xforecaster
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Wolfe Wave completes in the vicinity of larger Geo's Point-3; WW is likely to complete its cycle seeking 1-4 Line validation:
David Alcindor