- Numerical Targets:
1 - TG-1 = 1.21656 - 25 FEB 2015
2 - TG-2 = 1.17984 - 25 FEB 2015
- Nominal Targets:
1 - TG-Lo = 1.15527 - 25 FEB 2015
2 - TG-Lox = 1.13517 - 25 FEB 2015
- Invalidation > 1.26965
- Strongest resistance @ 1.26234 - See "Market Geo" next for expected rallying extent.
- Potential WW with pending 5-wave expected as a Point-5-prime expression, rather than a conventional Point-5; Subsequent rallying would likely be capped at WW's Point-4 level, or 1.26620.
Expect a protracted, time-consumptive unfolding of price at this level, as EW's 4th wave is unfolding, respective of the "Rule Of Alternations".
bias pending significant break of floor, which is not expected to occur until resolution of background advance geometry.
Predictive Analysis & Forecasting
Denver, Colorado - USA
David, when the price goes past beyond the initial 5', violates the Fibonacci levels but stays below the 5' line, do you still consider as respecting the pattern? For instance, looking at this geometry would you still call the 4 line as a possibility per the offset rule?
In the following chart, several Geos have completed and hit their respective 1-4 Line (see the RED circles), whereas a larger encompassing Geo may be developing, with points 1, 2 and 3 drawn only speculatively.
In its best form, the Geo should see Point-4 rest between the price levels of points 1 and 2, which has not occurred at this point. We also assume that most often than not, the 3-4 Leg will develop into a simple reciprocal ab = cd symmetry. So, the bearish impulse from Point-3 (BLUE) of the larger Geo was just interrupted by a reaction to the upside. If this up-side is to be limited, it should be at a range no greater than 0.618 at best (0.382m 0.500 or 0.786 would otherwise do), then a resumption to the DOWN-side, in which case, Point-4 would fine residence TOWARDS the mid-point relative to Point-1 and Point-2.
If the ideal geometric development above does not occur, the Geo would remain possible, but not ideal, thus requiring looking for internal Geo-Anchors, as a geometric compensation.
Looking at the manner in which I decided to define Point-1 of the larger Geo, simply move backward from the PINK ab = cd construction. What I simply did was to look for a simple reciprocal ab = cd formation, which I have defined as a necessary core definition of the 1-2 Leg (a similar, but inverse way can occur as well, and I will point it out whenever I find a good example), but again, this is not an absolute, simply an ideal construction.
Using the CD component, I cut/pasted it (The cd segment is its own ab = cd symmetrical construction as well, and participates just as relevantly to the ab segment and the 1-2 Leg)
Regarding the use of the Fibonacci cluster, be sure to use the 1-2 leg, or better the ENTIRE swing to which it belongs, as follows:
Hoping this adds a few more ideas into your Geo play.
$USDCAD: Symmetrical a-b = c-d might complete this WW; Bears prevail per model:
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