Potential Reversal Reached At Wolfe's 5-Prime | #NASDAQ
Friends,
Worth looking into this potential advanced market geometric pattern: Wolfe Waves. Not all requisite conditions are met (for instance, a perfect bearish Wolfe Waves would require a rising 2-4 Line and 1-3-5 Line. Here, only the 2-4 Line is rising.
As a relaxed condition, I have looked for occult geometric events that would aggregate all conditions into one. As a result, I have defined the pattern's median rise as an acceptable condition, using the 1-2 and 3-4 midpoints to define a forward projection of the median.
Hope this all makes sense. Although, it's not called occult market geometry for nothing.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
OVERALL:
While this trader's directional bias is bearish on the technical bases defined above, the predictive analysis and forecasting system remains bearish. On this technical conflict, I would define the aggregate direction as neutral-to-bearish.
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Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
Worth looking into this potential advanced market geometric pattern: Wolfe Waves. Not all requisite conditions are met (for instance, a perfect bearish Wolfe Waves would require a rising 2-4 Line and 1-3-5 Line. Here, only the 2-4 Line is rising.
As a relaxed condition, I have looked for occult geometric events that would aggregate all conditions into one. As a result, I have defined the pattern's median rise as an acceptable condition, using the 1-2 and 3-4 midpoints to define a forward projection of the median.
Hope this all makes sense. Although, it's not called occult market geometry for nothing.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
OVERALL:
While this trader's directional bias is bearish on the technical bases defined above, the predictive analysis and forecasting system remains bearish. On this technical conflict, I would define the aggregate direction as neutral-to-bearish.
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster