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Brittle Brit Bulls Bend To Bears | $BTC $USD #forex

FX:GBPUSD   British Pound / U.S. Dollar
Friends,

Here is a probable bear per predictive/forecasting model, eyeing the following set of numerical and nominal targets:


PREDICTIVE ANALYSIS/FORECASTING:

1 - TG-1 = 1.50074 - 22 JAN 2015

2 - TG-Lo = 1.49429 - 22 JAN 2015

and

3 - TG-Lox = 1.48907 - 22 JAN 2015


ADVANCED PATTERN ANALYSIS:

Note that the current background geometry consists of a potential Elliott Wave Ending Diagonal ("ED") versus Bill Wolfe's Wolfe Waves pattern ("WW").

Either of these patterns have a signature "under-throw" potential which is capable to bring a terminal 5th wave (GREY colored, as it remains pending) down to the depths defined by the predictive model.

As you may recall, the numerical targets (i.e.: TG-1, TG-2, ... TG-n) represent high-probable levels defining future R/S or pivot levels, whereas the nominal targets (i.e.: TG-Hi, TG-Lo, and there associated extremes: TG-Lox and TG-Hix) are low-probability attainment level which very high probability reversal (i.e.: retracement greater than 0.618-Fibonacci values).

Note that the Wolfe Wave will seek validation of Point-5 along the 1-3 Line, but that its most common morphology will strain price to levels beyond this 1-3 Line, seeking validation of the 2-4 Line which has been copied and transposed off of Point-3 (Dashed BLUE Line).

IF and ONCE this dashed line is hit, a reversal towards a minimal pf             Point-4 level would then be sought. Higher levels are also targets, which would be best defined by the extension of the 1-4 Line (Take=Profit Line), not drawn just as yet in this chart.

Appreciate your readership and support.

David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA

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Twitter: @4xForecaster
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David Alcindor
Alias: 4xForecaster

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27 JAN 2015 - Update:

From Twitter:
-----------
$GBPUSD - As WW completes at TP Line, price hit TG-Hi after TG-1; Spares TG-Lo.Lox:



@tradingview $GBP $USD #BOE
----------





David Alcindor
Reply
23 JAN 2015 - Update:

From Twitter:
----------
$GBPUSD validated Pt 5' + 5"; Reversed to 1-3 Line; Bearish targets still pending:



@tradingview $GBP $USD #forex
----------





David Alcindor
Reply
22 JAN 2015 - Update:

From Twitter:
----------
$GBPUSD meanders around the forecast dashed line, but bearish targets remain in force:



@tradingview $GBP $USD #BOE
----------





David Alcindor
Reply
22 JAN 2015 - Update:

From Twitter:
----------
$GBPUSD switches 4-hr bar right on dash projection line; Targets remain intact:



@tradingview $GBP #BOE #forex $USD
----------





David Alcindor
Reply
You labeled this as BTC...
+1 Reply
Hello, @Macainian - Yes, I saw that after the fact. Not sure why my brain said GBP, but my fat fingers typed BTC. I'm glad it rhymes, though - David
+1 Reply
hi David, many thank,s.
target 1.4814
+1 Reply
22 JAN 2015 - Update:

From Twitter:
----------
$GBPUSD validated WW's Point-5 quite precipitously; Now opens to lower forecast targets:



@tradingview $GBP #BOE
----------


David Alcindor
Reply
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