This idea is pretty straight forward, showing confluence with numbered sequences from Fibonacci, Lucas and Gann Degrees of a Circle. I am also using my own unique forecasting tool ie "The Mod.Schiff Nodal Point" which has already called the Low on the Median Line and is now forecasting a LOW on the lower parallel at around 1.92650 late on the 11th/ & early on the 12th Jan 2015. Let's see how this unfolds.
Sincerely,
TIK
Comments
Timing_is_key
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Hello all,
My PRICE Target of 1.92650 has been met!, however my time TIME has around 28-32 hours to go .......or within 7 to 8 ( 4 hr ) bars....... May sound weird but it looks like this will be a double bottom before the market will reverse to the upside.
Note 1:
less likely scenario but still a possibility is that the yellow timing line is a smaller top before a reversal to the downside. Interesting how this pair plays out.
Note: 2:
The reason I am so pedantic about TIMING ( apart from my name "Timing Is Key":) is that I have been on a HG quest to time the markets with accuracy for many years now using "Market Geometry" or what some refer to as "Sacred Geometry" and therefore have read and applied and experimented and applied many and varied concepts. I will keep posting my trades and forecasts as I enjoy sharing my ideas with the tradingview community.
I will update this chart soon.
TIK
Timing_is_key
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NAILED IT!
GcNaif
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congrats TIK
Timing_is_key
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Also reversed & hit the median line as per my forecast.
Timing_is_key
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Correction on chart: The chart legend Fibonacci sequences should say Days NOT bars as illustrated on the chart see the RED Stars. It does not effect the forecast.
Thanks
HamedAghajani
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Hi TIK. Great analysis. What is higher tf view on this pair. I was thinking to go long at 1.97 toward 2.05XX, if the price doesn't go below 1.9615 as a EOD trading idea. But the price broke much lower now and would like to wait and see.
Timing_is_key
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This pair is tanking pretty hard, If my target is around 1.92650 in around 4-5 days time. I would be looking for a 1 to 2 day pullback for a short. At this late stage of the game my Risk/Reward would be borderline on a daily, The better entry was the pullback to the ML after it was broken. just my thoughts in line with my forcast.
GcNaif
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Thanks TIK, it looks like its easily breaking my trendline, by the way great analysis, thanks for sharing
My PRICE Target of 1.92650 has been met!, however my time TIME has around 28-32 hours to go .......or within 7 to 8 ( 4 hr ) bars....... May sound weird but it looks like this will be a double bottom before the market will reverse to the upside.
Note 1:
less likely scenario but still a possibility is that the yellow timing line is a smaller top before a reversal to the downside. Interesting how this pair plays out.
Note: 2:
The reason I am so pedantic about TIMING ( apart from my name "Timing Is Key":) is that I have been on a HG quest to time the markets with accuracy for many years now using "Market Geometry" or what some refer to as "Sacred Geometry" and therefore have read and applied and experimented and applied many and varied concepts. I will keep posting my trades and forecasts as I enjoy sharing my ideas with the tradingview community.
I will update this chart soon.
TIK