4xForecaster
Short

Short @ 77958 On Wolfe | $NZD $USD #forex

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1628 73 21
Friends,

Price rallied significantly against market expectation, but remained subdued to market geometry.

Dominant geometries here are Elliott Wave's Ending Diagonal ("ED") vs. Bill Wolfe's Wolfe Waves ("WW") patterns, both forming at the tipping-end of a multi-month bearish swing.


INSTITUTIONAL BEARS

There are 3 major banks that have taken bearish positions against the pair versus none long. This institutional bearish weigh will offer the siphoning pull down the twirling drain, pulling price incrementally downward.

The targets pronounced by these banks range between 0.746 and 0.761, with one smacked right at 0.750.


PREDICTIVE ANALYSIS/FORECASTING MODEL:

Model too signaled a bearish bias, defining the following BEARISH targets:

1 - TG-x - 0.74312 - 08 JAN 2015

followed in order by a probable rallying to BULLISH targets:

1 - TG-Hi - 0.78473 - 08 JAN 2015

and

2 - TG-x = 0.81332 - 08 JAN 2015


MARKET GEOMETIES:

Aside from the dominant ED and WW aforementioned above, a larger granular pattern in the form of Scott Carney's 5-0 Pattern remains probable. This is the pattern that has offered a near-alignment with model, defined above as "TG-x = 0.81332 - 08 JAN 2015".

The 5-0 Pattern reflects a 50% (i.e.: five - zero, or 5-0) retracement from completion of the Shark. If you squeezed the chart a little, the advanced pattern trader might decipher a Bullish Shark, which by definition might have defined its Point-C termination differently from the Model's 0.74312, but this is also why I do not use patterns for my trading. As background pattern, there are fine, though.


OVERALL:

Overall, I would consider the force of institutional winds, combined with the reliable Elliott Wave and Bill Wolfe patterning as leading indicators of lead vectors when forming a directional bias here.

A Point-5 should offer a conservative target against a more aggressive Point-5-prime at TG-x = 74312.

Look for persistent Negative Divergences (not bearish!) in RSI , hammering price down at every occasion.

Stay tuned,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA

-----
Twitter: @4xForecaster
-----
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
Thanks David. God Bless, Hamed.
+1 Reply
danielpripon81
2 years ago
Hi David , thanks for your post. I do have a question. Can you share with us how do you know that there are 3 major banks that took short position in nzd usd and none went long so far. Where do you get this info? Thank you!
+1 Reply
4xForecaster PRO danielpripon81
2 years ago
Hello @danielpripon81 - Sorry, but I cannot share this information.

David
Reply
UtterOnce 4xForecaster
2 years ago
ITS A SECRET SOCIETY....ALL WE ASK IS TRUST
+1 Reply
4xForecaster PRO UtterOnce
2 years ago
No. The secret is trust. All society asks for is yours.

David
+1 Reply
alcatraz
2 years ago
C´mon. There is not real secret to know about this. Go to https://plus.efxnews.com/ and get your info for a good price.
+2 Reply
danielpripon81 alcatraz
2 years ago
Thanks alcatraz, do you use their service? are you happy with it? do you base your trading decision on them or how much does it count in your trading decision process? Thanks again!
Reply
alcatraz danielpripon81
2 years ago
@ Danielpripon,

yes i am using them for longer time and they provide good value to me as indication reflect a lot of what the big banks (GS, JPMorgan, Morgan Stanley etc.) are doing. You should not use them directly as trading signal but as additional indication they are worth the try. I dont solely base my trading on efx but it support my trading ideas a lot. You can try them one month for free and see if you like thier service.
+1 Reply
15 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD remains focused on original 0.74312 bearish target:

snapshot


@tradingview $NZD $USD #forex
----------


snapshot



David Alcindor
+2 Reply
20 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD moving towards forecast 0.74312 target:

snapshot


via @tradingview | $NZD $USD #forex #RBNZ
----------


snapshot



David Alcindor
+1 Reply
Recluse82 4xForecaster
2 years ago
hi david, this would indicate more up on dxy, what do you think?
+1 Reply
4xForecaster PRO Recluse82
2 years ago
Hello @lovasz.levente - A decline in a relative strength expression does not preclude a decline in both individual Forex members. It only implies that one would fall faster ($NZD) than the other ($USD). Case in point has been the relationship of $AUD against $NZD - both being commodity price sensitive) in the face of a commodity-wide price deflation: $NZD fell and continues to fall fast than $AUD, until recently where $AUD leveled off, but $NZD continues to fall (in the face of a combined deflationary force in commodities, as well as a weakening Chinese consumption of export-dependent $NZD.

The pairs are mere expression of their relative strength, and a fall in a Forex pair needs only the following conditions, given X:Y

1 - Both X and Y RISE, but Y rises faster than X, such that X:Y declines;
2 - Both X:Y level off, but the balance favors either a decline in X, or a rise in Y with a stable or lesser strength in the counterpart;
3 - Both X:Y fall, as in the case cited above, where Y remains a stronger bear than X bears.

Look also at other $AUD pairs, which are not all following the same direction, and in m model carry opposite forecasts:

$AUDCAD - Bullish target
$AUDCHF - Bullish target
$AUDJPY - Bearish target * * *
$AUDNZD - Bullish target
$AUDUSD - Bulish target

If the model prints a pair as "all bullish", as is almost the case here, there still remains the possibility that, say $EURAUD could rise, if $EUR carries stronger bulls than $AUD.

Overall, intra-Forex intermarket forces are not as simple as a rope and pulley mechanism, especially when the flux also depends on many other conditions, such as sovereign central banks, sovereign bond markets, and other fundamental drivers than tend to presage a trend in the pair's price.

David Alcindor
+3 Reply
Recluse82 4xForecaster
2 years ago
thx david, it was proper explanation
+1 Reply
22 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD moved as forecast, defined WW's Point-5; Forecast 0.74312 target still in force:

snapshot


@tradingview $NZD $USD
----------


snapshot



David Alcindor
+1 Reply
22 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD just hit its 5-prime defining line; Now opens to its 0.74312 extreme target:

snapshot


@tradingview $NZD $USD #forex
----------


snapshot



David Alcindor
Reply
22 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD - Expect a transient buoyancy in $NZD off of forecast dashed line:

snapshot


@tradingview $NZD $USD #RBNZ #forex
----------


snapshot



David Alcindor
Reply
22 JAN 2015 - Update:

Looking at the chart using a finer timegrame at M15:

From Twitter:
----------
$NZDUSD may reach forecast 0.74312 target via #elliottwaves ED or WW patterns:

snapshot


@tradingview $NZD $USD #RBNZ #forex
----------


snapshot



David Alcindor
+3 Reply
4xForecaster PRO 4xForecaster
2 years ago
NOTE: Re-adjusted 4th wave position - The pattern and strategy remains intact:

snapshot


David
Reply
HamedAghajani PRO 4xForecaster
2 years ago
Hello David. Would it possible for you to reveal the TG-X on AUDUSD, if there is any of such a kind. Thanks, Hamed.
+1 Reply
4xForecaster PRO HamedAghajani
2 years ago
Tentatively: Circa 0.79412.

David
+1 Reply
HamedAghajani PRO 4xForecaster
2 years ago
Thanks for this.
Reply
23 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD broke thru WW's Pt-3; Nears extreme bearish forecast 0.74312 target:

snapshot


@tradingview $NZD $USD #RBNZ #forex
----------


snapshot



David Alcindor
+1 Reply
23 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD validated WW's Point-5 as forecast; Now eyes bearish target at 0.74312:

snapshot


@tradingview $NZD $USD #forex
----------


snapshot



David Alcindor
Reply
4xForecaster PRO 4xForecaster
2 years ago
23 JAN 2015 - ADDENDUM:

Note that now would be a good time to bring out the dashed line, copied from the 2-4 Line, as follows:

snapshot



David Alcindor

PS - I hope this provides the type of step-by-step (and live) example that you guys are looking for if you are discovering or seeking to learn more about the Wolfe Waves patterns - David
+2 Reply
23 JAN 2015 - Update: Hit Target Dead-On:

From Twitter:
----------
$NZDUSD hit forecast 0.74312 target DEAD-ON; Now needs peeling off of Pt 3/4 range:

snapshot


@tradingview $NZD $USD #forex
----------


snapshot



David Alcindor
+2 Reply
4xForecaster PRO 4xForecaster
2 years ago
ADDENDUM - The DAILY View:

From Twitter:
----------
$NZDUSD hit target dead-on - Daily view;

snapshot


via @tradingview | $NZD $USD #RBNZ #forex
----------


snapshot



David Alcindor
+1 Reply
iefan PRO 4xForecaster
2 years ago
I followed this trade idea move by move off your charts which has played out exactly as you predicted. Absolutely remarkable. Thank you David
+2 Reply
4xForecaster PRO iefan
2 years ago
Thank you @iefan - Just putting out trade to show junior traders and novices that nothing is random in this market. It's all predictable, repeatable and foreseeable, as long as your ears are closed to the news releases, your eyes are closed to the price field, and your mind's eyes remain wide shut and still.

There is simply no chance things are happening by chance as far as the market goes - At least, that is how I see it and direct my trading.

David
+3 Reply
iefan PRO 4xForecaster
2 years ago
Hi David

As a new trader I'm only focusing on Technical Analysis, however the news from the New Zealand Reserve Bank resulted in my stop losses for both NZDUSD and AUDNZD being triggered. Is it best to close ones positions in a pair when such important news is expected or how does one manages the trade when such volatility is likely to take place? Also could you suggest any news sources to which I could subscribe which would keep me updated as to the most important FX news. Thank you for your timely postings, they have really helped in these volatile days.

Iefan
+1 Reply
4xForecaster PRO iefan
2 years ago
Hello @iefan,

Regarding Stop-Loss placement, only the trader is capable to define how much to lose per trade, based on known account size, preset leverage, predetermined risk percentage, and personal risk tolerance. I could advise a purely technical method to define a SL, such as placing SL at 1.414 below recent swing, but here too, such accepted range may be tolerable and consistent with one's predetermined risk management at a M15 level, but comppltely inappropriate at a higher timeframe.

As far as news release, I do not subscribe to any news. My assumption is that prescient institutional traders tasked to place orders for large banks involved in the actual inter-bank flow of foreign exchanges have and are already moving price based on large price-moving orders - This is in fact the basis of technical analysis, which is to assume that the market participants are mainly large players whose actions and intentions are marked by price action before any news might already be released (hence the "discounted" qualifier often used in reference to these actions).

Once the news comes out, it has already consumed the path price had to take to establish a new balance. Still, there often remains room to play, such as in the case of central bank news releases in the case of Forex. So, if at all possible, I would keep a calendar of upcoming events that for every month.

For instance, I would keep a tab open to this CB news info:
- http://www.centralbanknews.info/

As well as this global CB rates:
- http://www.global-rates.com/interest-rates/central-banks/central-banks.aspx

Both are legitimate sources of news.

Any other source should do as well, since I believe that split seconds might separate one news release (Bloomberg, for instance) from any other outlet.

Again, I would remain guarded against news releases and trying to second guess what might be coming out. The swings are normal Stop-Loss house cleaning events, as far as I am concerned, because the institutions that have passed the measures, rules and decisions on any given currency have already set into motion a market that would preemptively point towards the pre-determined direction. All the gyrations that occur at the M5, M15, even at the H1 level is just slaughter of smaller stature traders.

If you trade at the size of a quasi-institutional level (H4 and above), you will see that the candles are not so disproportionate from the non-event ones. And, if you keep to basic geometries, you will see that whatever the "dramatic" or "unexpected" news release, the background pattern, the Elliott Wave impulse, or the predictive model that I apply in my trading remain unchallenged, even in the face of so-called uncertainty.

For an example of a long-term call with no knowledge of the European situation, here are two directional examples with the USDCHF, one BULLISH, where I called for a rallying from about 0.88 to 0.91 (use the play button within the price field to see how well it worked out (Here: https://www.tradingview.com/v/W6AwAsPG/), as well as a BEARISH example of the same pair, as illustrated in the next charts (sure the initial extreme-targets were exceeded, which as I have said before usually means that a higher timeframe such as a large bank order comes in to interfere with the forecast, but once the predictive/forecasting model gauges up the forecast as it did ultimately, it takes that into account and calls for a move that often might be completely ridiculous.

In the BEARISH case of the $USDCHF, the ridiculous forecast called for a degradation of price deep with two widely spread bearish targets:

1 - In this first chart, the Predictive Model was calibrated at the H4 level (as synthetic blend of retail and institutional volitions). While price did move correctly in the forecast direction, the extreme targets turned out to be inadequate, which prompted me to re-calibrate for the much larger players at the DAILY level:
snapshot



2 - Here, the targets are redefined and brought back to the H4 level, as defined by the TOP of the Fibonacci matrix/range ... :
snapshot



3 - What ensued was a consolidation at the forecast level, with NEW bearish targets now clearly defined as illustrated ... :
snapshot



4 - And finally a follow-through in price action:
snapshot



As I said before in somewhat cryptic ways, there is nothing unseen in the market, except the things we decide to ignore. Price is an effect, not a cause, a consequence and not an agent that pushes a number over the edge. Instead, the hand that moves price is the geometry that forms like a hand. Price is but a pebble, a blip in the field.

I look at other places, but I ignore the field.

David
+2 Reply
iefan PRO 4xForecaster
2 years ago
Thank you very much David for the detailed response, little by little I'm starting to understand how it all fits together. Fascinating!
+1 Reply
UtterOnce iefan
2 years ago
hes unstoppable
+1 Reply
birolguner 4xForecaster
2 years ago
David, target 078400 ?
+1 Reply
4xForecaster PRO birolguner
2 years ago
Hello @birolguner - 0.77800 might be a more plausible target. For now, TG-Hi remains in effect.

David
+2 Reply
birolguner 4xForecaster
2 years ago
thank you david.
Reply
birolguner 4xForecaster
2 years ago
http://i.hizliresim.com/mrgd9R.png
Reply
birolguner 4xForecaster
2 years ago
David still the current target? 77800

Whats SL?
+1 Reply
4xForecaster PRO birolguner
2 years ago
Hello @birolguner

The official targets are listed in the price field.

SL refers to Stop-Loss.

David
Reply
27 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD: WW slightly altered (bold vs. faint) but analysis, targets intact:

snapshot


@tradingview $NZD $USD #RBNZ #forex
----------


snapshot



David Alcindor
+2 Reply
29 JAN 2015 - Update:

From Twitter:
----------
$NZDUSD nears predictive model's "terminal velocity" @ 0.72656; Targets still intact:

snapshot


@tradingview $NZD $USD #RBNZ
----------


snapshot



David Alcindor
+1 Reply
shenkw85 4xForecaster
2 years ago
Hi David

Does terminal velocity means its gd to be long @ .72656?
Tku, once again.
+1 Reply
4xForecaster PRO shenkw85
2 years ago
Hello @shenkw85 - Here, I implied that it could not go any further in the model at this particular timeframe.

If it did, it means that the model is looking at the pair within the wrong timeframe, and that it would temporarily need to adjust to a HIGHER timeframe. This is already a DAILY chart, so a higher timeframe would probably mean a much larger player such as CBs.

David
+1 Reply
birolguner
2 years ago
rbnz dovish tone..
+1 Reply
4xForecaster PRO birolguner
2 years ago
Hello @birolguner - This can already be foretold not by charting but by simply looking at the value of the CNH compared to the USD. You will see that it correlates very tightly to the AUD, and that be extension the NZD should probably follow suite.

A decline in the CNH would mean advantageous export for the sovereign country that now looks relatively cheaper than its neighboring competitor, which in the Asian theater of exportation means a lot of the other Asian countries that are not so sympathetic to China, as well as other export-dependent and commodity-price sensitive economies such as AUD and NZD.

This is what has been termed a race to the bottom.

Still, with a potential rise in the USD (possibly, on the basis that everyone is selling their currencies in a attempt to lowering its value and gain an export edge, and they are tending to do this by buying more USD, hence in part the recent strengthening in the USD), we are likely to see who blinks first.

When this gets too delirious, there might potentially be a shift towards purchasing more Gold as well ... Who knows. But if and once this occurs, then look at a rise in CAD, CHF, AUD and NZD whose mixed economies remain sensitive to the price of the metals.

It's a very complex physiologic machinery, with a meshed-in system of inter-dependent economic organs, where pulling a lever on one side will cause an equal but opposite reaction in the other in not so proportionate ways (i.e.: a decline in the AUD might cause a rise in the USD, but not so similar as in the AUDNZD), and that is the fascinating features of inter-market analysis.

NZD might fall on mere jaw-boning, where CB are simply talking a currency down, but its is the action of the CB that is most important to assess, and words in these currency wars are calm, but the actions surprising and the reactions devastating ... See the USDCHF for instance, something that I was glad that my predictive model was able to call in advance.

I stick to technical analysis, as it often detects the paws in the snow: It might not see the rabbit and when it comes from, but it knows it's a rabbit and where it goes.

David Alcindor
+1 Reply
birolguner 4xForecaster
2 years ago
I understand david. I'll wait a little bit more.Maybe 0.71 lowers..
Reply
04 FEB 2015 - update:

From Twitter/Linked-In:
----------
$NZDUSD rallied from 0.72656 as forecast; Eyes 0.78473 as next bullish target:

snapshot


@tradingview $NZD #RBNZ $USD #forex
----------


snapshot



David Alcindor
+2 Reply
kmk.msp 4xForecaster
2 years ago
Hi David,
You have said in AUDUSD that Floor opens to bearish target @ 0.7294; Would complete WW's Pt-5 whereas for NZDUSD you have written that it eyes 0.78473 as next bullish target.
It means there will be more bearish pressure on AUDNZD and it may probably go towards parity or even low probably.
kmk.msp
+1 Reply
4xForecaster PRO kmk.msp
2 years ago
Hello @kmk.msp - This is going to be an interesting play. Ether price gets stomped at the level corresponding to Point-4, or it breaks through the thin pink range, corresponding to a significant bulish entrenchment. If the latter were the case, then $AUDNZD would fall to TG-Lo at a minimum - See $AUDNZD chart:

snapshot


David Alcindor
Reply
4xForecaster PRO 4xForecaster
2 years ago
@kmk.msp,

A good measure of price action (if price fell below the bullish entrenchment) would be to draw the 1-4 Line of the WW in the $AUDNZD chart.

David
+1 Reply
kmk.msp 4xForecaster
2 years ago
thanks
Reply
12 FEB 2015 - Update:

From Twitter/Linked-In:
-----------
$NZDUSD: Look for WW 1-3 Line to act as a sine qua non condition for loftier targets:

snapshot


@tradingview $NZD $USD #RBNZ
----------


snapshot



David Alcindor
+3 Reply
15 FEB 2015 - Update:

From Twitter/Linked-In:
-----------
$NZDUSD mulls WW's 1-3 Line; Bullish targets remain intact and in force:

snapshot


@tradingview $NZD $USD #RBNZ #FED #forex
----------


snapshot



David Alcindor
+2 Reply
birolguner 4xForecaster
2 years ago
hi david,

short-term what is the target?

thank you, best regards..
Reply
22 MAR 2015 - Update: Trading Lesson on WW and KoD:

First, thank you for @river_54 for your contribution on the WW - Following is a LINK to the general "Market Geo" page I posted last week:

===================
$NZDUSD: A quick market geo lesson using advanced patterns and #fibonacci targets:

- https://www.tradingview.com/v/W4GwjLu0/#tc155660

via @tradingview $NZD $USD
===================


David Alcindor
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
Here is what @river_54 initially posted in above link:


snapshot



Pearls, trading tip for entry. SL and TP are given in link above ... And a bit more market geo lessons. All educational, not trading recommendation, of course.

Again, thank you @river_54 for your simple, powerful trade opp.


David Alcindor
+2 Reply
23 MAR 2015 - Update:

From Twitter/LinkedIn:
----------
$NZDUSD - KoD remained < 1.131 #fibonacci; Opens to bearish 0.73729 target via WW:

snapshot


@tradingview $NZD $USD #forex
-----------


snapshot



David Alcindor
+3 Reply
4xForecaster PRO 4xForecaster
2 years ago
23 MAR 2015 - Tech-Note: KoD and WW:


KoD:

See how the KoD kept its 1.131-Fibonacci distance relative to its triple top formation. This is the level that I would aim for a SL. As long as price remains clear of that level (i.e.: does not break-above, closes above), then there is nothing to fear.


WW:

Now, off to the WW. There is a significant amount of distance between current level and Point-4. It is my understanding that Mr. Bill Wolfe would maintain a target at the 1-4 Line, based on his introduction to the pattern on his page (www.WolfeWave.com). However, my rules are based on my own empirical experience of the pattern, and reflect a less aggressive TP target IF and only IF price tends to excurse adversely and posts such exotic points as the 5-prime (5') and the 5-second (5''), such that:

1 - If price reverses from Point-5, then the 1-4 Line remains the TP target,;
2 - If price reverses from Point-5', then price level of Point-4 becomes the TP target;
3 - If price reverses from Point-5'', then price level of Point-3 becomes the TP target.

In this case, price appears to have reached 5-prime. Therefore, price level of Point-4 = 0.73729 becomes the Take-Profit (TP) level of interest.

Hope this makes sense to you all,

David Alcindor
+4 Reply
nikokoev 4xForecaster
2 years ago
Thank you David!
+1 Reply
iznogood 4xForecaster
2 years ago
What "KoD" means David?
Reply
iefan PRO iznogood
2 years ago
Hi @iznogood. KISS OF DEATH See David's other posts here
Kiss of Death | #AUDUSD #AUD #USD #Forex #technicalanalysis
+1 Reply
iznogood iefan
2 years ago
tnxs @iefan
Reply
iefan PRO iznogood
2 years ago
:)
Reply
iefan PRO 4xForecaster
2 years ago
David that is some of the best tunneling I have seen between Points 1-4!
+1 Reply
4xForecaster PRO iefan
2 years ago
Yes, and the recent economic data calls for a realization of this geo too.

David
+2 Reply
25 MAR 2015 - Update:

From Twitter/LinkedIn:
----------
$NZDUSD moves as forecast; Breaks thru floor; 1-3 Line as next support; 0.73729 in force:

snapshot


@tradingview $NZD $USD
----------


snapshot



David Alcindor
+4 Reply
iefan PRO 4xForecaster
2 years ago
Hi David. Not the best tunneling but is this a likely passage of price movement?
snapshot
+1 Reply
4xForecaster PRO iefan
2 years ago
Hello @iefan - This is a great spot.

Now, always trust that mid-point geometry between points 2 and 3 to offer an anchor for that tunneling, rather than believing in what price "appears" to be saying at this moment.

What I mean here is that the spike at the mid-point between points 2 and 3 could very well become an anchor point, while current price could decline significantly from current level to rest at a yet higher-low point, thus defining point-4 at the resting top of that tunneling projection.

This may appear a bit convoluted in words, but feasible in simple geometric deeds.

At this point, I would simply draw both tunneling lines based on what you have, while still adding a projection using that geometric anchor point.

What you will be left with are two lines, one with a much leveled slope. If price temporarily turned to the downside before completion Point-5, I would expect it to rest on the least-steep slope of the two before rallying to complete the geometry - Not an absolute probability, but a scenario that would make sense were we to stand back in the future and look back at this and so many other gros that accomplished this weaving path.

David
+2 Reply
iefan PRO 4xForecaster
2 years ago
Thank you very much David, did I chart it correctly?
snapshot
+1 Reply
4xForecaster PRO iefan
2 years ago
@iefan - Yes, I also just posted a note on the internal completion and how it lends itself to a sustained bullish forecast based on pre-defined Model's targets. Adding your perceived larger geometry - which I also added into the recent chart - it all seems to come together nicely.

What I also added in the chart are the interim arrow (typically drawn in ghosted purple), highlighting a probable interim but limited decline, possibly, but not obligatedly, able to land at the speculative crossing of the tunneling and the 1-4 Line projection - See chart below.

David
+3 Reply
03 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$NZDUSD completed forecast geo at point-4; Bullish targets per Rredictive Model waiting:

snapshot


@tradingview $NZD $USD
----------


snapshot



David Alcindor
+3 Reply
13 APR 2015 - Update:

----------
$NZDUSD - Point-4 shifted per Geo Anchor; Predictive Model remains set on 0.78473:

snapshot


@tradingview $NZD $USD #RBNZ
----------


snapshot



David Alcindor
+2 Reply
iefan PRO 4xForecaster
2 years ago
Hi David, BACA 0.73729 would invalidate this forecast correct?
+1 Reply
4xForecaster PRO iefan
2 years ago
Hello @iefan - I would simply use a faint cut/paste 1-3 Line off of Point-2 to maintain a visual on the parallel. If price falls further down than current Point-4, but remains off of the 1-3 parallel that originates from Point-2, then the geometry remains valid.

David
+1 Reply
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