$GBP v $CAD - Wolfe Wave Completes; Model Eyes 2.08057 #BOE #BOC
Friends,
Feel free to peek at some of the pre-analytical work I engage in a daily basis, involving currencies, commodities, stocks and indices. The current $GBPCAD comes from the "$GBP | Predictive Analysis & Forecasting" room (reference below), suggesting a continuation to the upside, with a Wolfe Wave pattern calling price along its dynamic 1-4 Line, whereas the Predictive/Forecasting Model defined a static target at 2.08057 on 07 OCT 2015:
The following is a cut/past commentary offered in preparation to this publishing. Those familiar with the Wolfe Wave/Geo may have taken an early position (green square). However, this and an other analysis I post, share or offer comments are for educational purposes only:
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PS: Following is where to find the room for $GBP pairs:
www.tradingview.com/chat/
Follow me on TradingView.com (alias: 4xForecaster) for early insights on currencies, commodities, stocks and indices.
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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.
Feel free to peek at some of the pre-analytical work I engage in a daily basis, involving currencies, commodities, stocks and indices. The current $GBPCAD comes from the "$GBP | Predictive Analysis & Forecasting" room (reference below), suggesting a continuation to the upside, with a Wolfe Wave pattern calling price along its dynamic 1-4 Line, whereas the Predictive/Forecasting Model defined a static target at 2.08057 on 07 OCT 2015:
The following is a cut/past commentary offered in preparation to this publishing. Those familiar with the Wolfe Wave/Geo may have taken an early position (green square). However, this and an other analysis I post, share or offer comments are for educational purposes only:
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4xForecaster
07 OCT 2015 - $GBPCAD - Daily chart:
Here is another $GBP cross, highlighting a potential decline to the support shown in the chart.
Note that the levels used for that support also approximate a significant 1.414-Fibonacci extension, with a range of 1.96332 to 1.95551 depth.
To the upside, I am expecting a reaction capped at a narrow 2.05219 to 2.05599 range.
The background geometry is the Geo with the application of the Geo's Off-Set Rule #2 as a rationale for the upper range target.
David Alcindor
4xForecaster
19 OCT 2015 - Re: $GBPCAD:
Price peeled off of the 1-3 Line and consolidation pattern near Point-5; Now nears 2-4 Line following forecast:
David Alcindor
4xForecaster==========================
19 OCT 2015 - $GBPCAD break across 2-4 Line; 2.0857 forecast remains intact:
David Alcindor
PS: Following is where to find the room for $GBP pairs:
www.tradingview.com/chat/
Follow me on TradingView.com (alias: 4xForecaster) for early insights on currencies, commodities, stocks and indices.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter: @4xForecaster
LinkedIn: David Alcindor
Tradingview: www.TradingView.com/u/4xforecaster
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Comment:
ADDENDUM - I have added in the chart the outer-most tolerable target per Predictive/Forecasting Model, defined at 2.08400:
David Alcindor
David Alcindor
Comment:
22 OCT 2015 - Chart Update / Tech-Note:
Here is the state of affairs as of this day:
Note that price is retracing from the forecast R/S level:
Looking at a probable support, I would consider the 3 following technical events:
1 - The termination point of a 2th wave at 2-lesser degree:
2 - A Fibonacci retracement to 38.6 level, corresponding to the termination level of the first speculated motive wave (in grey), near 2.0085:
3 - Seeking support along a minor R/S level:
Although all of these are circumstantial and should not be construed as a deterministic rule, they do come together supportively, but can only add to the probability strength of that expected event.
Best,
David Alcindor
Here is the state of affairs as of this day:
Note that price is retracing from the forecast R/S level:
Looking at a probable support, I would consider the 3 following technical events:
1 - The termination point of a 2th wave at 2-lesser degree:
2 - A Fibonacci retracement to 38.6 level, corresponding to the termination level of the first speculated motive wave (in grey), near 2.0085:
3 - Seeking support along a minor R/S level:
Although all of these are circumstantial and should not be construed as a deterministic rule, they do come together supportively, but can only add to the probability strength of that expected event.
Best,
David Alcindor
Comment:
23 OCT 2015 - Chart Update / Tech-Note:
Price converted 2-4 Line from resistance to support per this upper-side validation ... Bullish:
David Alcindor
Price converted 2-4 Line from resistance to support per this upper-side validation ... Bullish:
David Alcindor
Comment:
07 NOV 2015 - Chart Update / Tech-Note:
Price remains above the 2-4 Line. Watch for potential R/S validation atop this geometric line:
David Alcindor
Price remains above the 2-4 Line. Watch for potential R/S validation atop this geometric line:
David Alcindor
Comment:
12 NOV 2015 - Chart Update / Tech-Note:
It took a 61.8% contraction to recommence a rally. Expect a temporizing delay at the 2.033 level as price retests this interim obstacle.
Predictive/Forecasting Model remains intent on its outer-most Qual-Target at 2.08057, defined on October 07, 2015:
David Alcindor
It took a 61.8% contraction to recommence a rally. Expect a temporizing delay at the 2.033 level as price retests this interim obstacle.
Predictive/Forecasting Model remains intent on its outer-most Qual-Target at 2.08057, defined on October 07, 2015:
David Alcindor
Comment:
16 NOV 2015 - Chart Update / Tech-Note:
Price reached, now retracing from the expected 2.033 level ... Overall forecast remains bullish and intent on loftier levels, as defined in forecast:
David Alcindor
Price reached, now retracing from the expected 2.033 level ... Overall forecast remains bullish and intent on loftier levels, as defined in forecast:
David Alcindor
Comment:
24 DEC 2015 - Chart Update:
$GBPCAD hit target at 2.08057 from 1.977 ... Higher high expected defined in next analysis
David Alcindor
$GBPCAD hit target at 2.08057 from 1.977 ... Higher high expected defined in next analysis
David Alcindor
Comment:
24 DEC 2015 - New probable BULLISH target per Model ... Also approximating 1.618-Fib extension:
David Alcindor
David Alcindor
Comment:
22 FEB 2016 - Chart Update / Tech-Note:
Watch for this high-probability geometric scenario, as a 5-prime position complete the Geo's cycle:
Best,
David Alcindor
Watch for this high-probability geometric scenario, as a 5-prime position complete the Geo's cycle:
Best,
David Alcindor
Comment:
14 APR 2016 - Notice:
$GBPCAD - Imminent reversal ... Hi-prob & new bullish targets coming soon ...
$GBP $CAD #BOE $BOC $USoil $UKOil #brent $WTI #crude #oil
$GBPCAD - Imminent reversal ... Hi-prob & new bullish targets coming soon ...
$GBP $CAD #BOE $BOC $USoil $UKOil #brent $WTI #crude #oil
It appears that price has resume an upward swing - Following is a speculative overlay of a primary-degree Elliott Wave count to emphasize the probable impulsive mechanism of ascent, as well as highlight significant R/S levels:
David Alcindor