$GBP v. $AUD Completes "Geo" Cycle At 5' | #BOE #RBA #forex $USD
Friends,
The Geo has completed its geometric cycle at a ectopic Point-5 level which is its most common occurrence, namely at 5-prime (5').
Based on the Geo's Off-Set Rule, price is expected to decline and find its highest probability target at the price level corresponding to Point-4.
A prior analysis based on the Predictive/Forecasting Model had defined two qualitative targets, namely:
1 - TG-Lo = 1.87545 - 21 APR 2015
and
2 - TG-Lox = 1.85918 - 21 APR 2015
OVERALL:
Net bearish outlook based on the Geo's expectation, as well as Predictive/Forecasting Model's unanswered targets.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
The Geo has completed its geometric cycle at a ectopic Point-5 level which is its most common occurrence, namely at 5-prime (5').
Based on the Geo's Off-Set Rule, price is expected to decline and find its highest probability target at the price level corresponding to Point-4.
A prior analysis based on the Predictive/Forecasting Model had defined two qualitative targets, namely:
1 - TG-Lo = 1.87545 - 21 APR 2015
and
2 - TG-Lox = 1.85918 - 21 APR 2015
OVERALL:
Net bearish outlook based on the Geo's expectation, as well as Predictive/Forecasting Model's unanswered targets.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
Comment:
22 FEB 2016 - Chart Update / Tech-Note:
As the Geo completed its geometric cycle, price is not heading to its corresponding Rule #2 level:
Best,
David Alcindor
As the Geo completed its geometric cycle, price is not heading to its corresponding Rule #2 level:
Best,
David Alcindor
Comment:
18 MAR 2016 - Chart Update: Target Hit
Price finally reached the Geo's level of Point-4, adhering to the Geo's Off-Set Rule #2. In addition, the Predictive/Forecasting Model's 1.87545 target, defined nearly a year ago on April 21st, 2015 was also reached yesterday:
At this point, expect the lower qualitative target to get hit (at a lesser probability), and a reversal to occur at these levels.
Best,
David Alcindor
Price finally reached the Geo's level of Point-4, adhering to the Geo's Off-Set Rule #2. In addition, the Predictive/Forecasting Model's 1.87545 target, defined nearly a year ago on April 21st, 2015 was also reached yesterday:
At this point, expect the lower qualitative target to get hit (at a lesser probability), and a reversal to occur at these levels.
Best,
David Alcindor
Comment:
02 APR 2016 - Chart Update / Tech-Note:
Price reached the lowest Qual-Target at 1.85918, which was defined last April 21st, 2015:
This lower-probability, higher-reversibility target should prompt trader to look for reversal patterns.
Best,
David Alcindor
Price reached the lowest Qual-Target at 1.85918, which was defined last April 21st, 2015:
This lower-probability, higher-reversibility target should prompt trader to look for reversal patterns.
Best,
David Alcindor
Comment:
14 APR 2016 - Chart Update / Tech-Note:
Note that price carved even lower-lows, now reaching a prior target defined on February 12th 2015 (over a year ago). While this target represented a lower probability target (as a Qualitative Target, or "Qual-Target"), the nature of these targets are associated with high-probability reversal power:
Considering the recent discussion on imminent reversal in the $GBP vs. $CAD and imminent hit of the $USoil ($WTI) target, one should consider the possibility of a commodity-wide reversal, not only affecting #oil, but #gold as well ($XAU) ... Worth keeping an eye out for these commodities.
Best,
David Alcindor, CMT Affiliate
Note that price carved even lower-lows, now reaching a prior target defined on February 12th 2015 (over a year ago). While this target represented a lower probability target (as a Qualitative Target, or "Qual-Target"), the nature of these targets are associated with high-probability reversal power:
Considering the recent discussion on imminent reversal in the $GBP vs. $CAD and imminent hit of the $USoil ($WTI) target, one should consider the possibility of a commodity-wide reversal, not only affecting #oil, but #gold as well ($XAU) ... Worth keeping an eye out for these commodities.
Best,
David Alcindor, CMT Affiliate
As we continue to look at the DAILY chart, the goal here is to find a mechanism by which price would descend down to the level of Point-3 in reference to the large Geo we have been following.
There are some indications within the 4-Hour chart, as well as per the Predictive/Forecasting Model, that price could test 2.25275 as price attempts to complete its Geo cycle (i.e.: First, closing the 5-point geometry, then reaching counter-trend-wise away from the 1-3 Line, just as the Wolfe Wave pattern is know to behave as it seeks validation of its 1-4 Line.
Again, 4-hour chart coming up shortly.
David Alcindor