4xForecaster

Potential Reversal At 11224 Per Background WW Geo. | $DAX #forex

FX:GER30   DAX Index
WOLFE WAVE PATTERN:

Potential reversal at 11224 per background Wolfe Wave pattern pending completion at its 5-prime position (i..e: along the 2-4 Line transposed and originating off of Point-3 of the pattern (Blue).


BEARISH OUTLOOK:

Overlay of predictive/forecasting model defines 11224 as a significant reversal potential level. If level holds and sends price back into a declining trend, consider 10593 as a conservative conditional level, whereas 10094 as an opening to the bearish 9745 target.


INVALIDATION OF BEARS:

An Elliott Wave prepares to complete its internal impulse count at both lesser degree (small black font) and higher-degree (large grey font). If and once price completes Point-5 of both impulses, a top-structure would define a level of invalidation if price continued to rally passed it.


OVERALL:

Looking into this coming weak, the predictive/forecasting model calls for a top-reversal at 11224. A decline to the bearish target at 9745 would likely act as a solid floor compared to the two structural levels at 10593 and 10094 - In essence, this week could possible see price tethered between 11224 and 9745 given the structural conditions defined above.

Stay tuned,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter:
@4xForecaster

LinkedIn:
David Alcindor
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Jun 28
Comment: UPDATE - $GER30 - 28 JUN 2017:

Price hit target refined on 16 MAY 2015, over 2 years ago:


Expecting significant resistance, probable retracement (not reversal), as higher L/T targets loom.

David
Jun 28
Comment: Addendum - Link to target refinement below:

https://www.tradingview.com/chart/GER30/...

David
@4xForecaster What are the levels you are looking for the retracement from here? Could you show some renewed forecast please?

Thanks for your previous charts.
Reply
19 NOV 2015 - Chart Update:



David Alcindor
+2 Reply
11 SEP 2015 - Chart Update:





David Alcindor
+3 Reply
11 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$DAX still intent on 12564; Faces highest resistance at 12024; Bears invalidates bulls < 10652:



$GER30 #euro $CAC
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David Alcindor
+3 Reply
11 JUN 2015 - UPDATE:

Rallying to bullish target from Predictive/Forecasting Model remains pending:





David Alcindor
+2 Reply
15 MAY 2015 - Update:

From Twitter/LinkedIn:
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$GER30 continues to roll from upper channel validation; Predictive/Forecasting Model remains pending:



$DAX #euro
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David Alcindor
+3 Reply
18 APR 2015 - Update:

From Twitter/LinkedIn:
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$DAX remains range-bound w/in multi-year channel; Closed at 1160; Predictive Model target lurking at 12564:



$GER30
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David Alcindor
+2 Reply
10 APR 2015 - Update:

From Twitter/LinkedIn:
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$GER30 broke > 12222; Price stomped at multi-year channel upper boundary; 12564 intact:



@tradingview $GER30 $EUR
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David Alcindor
+1 Reply
09 APR 2015 - Update:

From Twitter/LinkedIn:
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$GER30 nears 12222 top; Break would open to 12564 target; Expecting consolidation:



@tradingview $DAX #DAX #GER30
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David Alcindor
+3 Reply
16 MAR 2015 - Update: Had to recalibrate to WEEKLY (institutional) level

The targets at the H4 level did not hold. In this "Model" algorithm, this occurs with higher-time frame level of of activity (i.e.: Stronger force of interference, in this case larger actors such as institutions) control price in a way that make smaller timeframe analyses unreliable - At this point, I would recommended to keep an eye on the weekly timeframe, where significant technical events are plying out, such as the nearing of the upper border of a multi-year channel.

A higher=frame calibration also defined a new level target level - See chart:





David Alcindor
+1 Reply
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