Recently, I offered a definition over certain terms I use in my predictive analyses and forecast, one of which was sign vs. signal. For instance, in the Loonie, an early bearish market reversal event occurred, constituting a market directional sign (i.e.: a signal lacking confirmation). Once the system posts a confirmation of this potential bearish market reversal, will it then become a signal. For now, this trader's directional bias is bearish, by system remains neutral to bearish.
Technically, market may recognize the overhead trendline nearby, whereas a developing bearish Wolfe Waves ("WW") vs. 3-Drives pattern is nearing completion in that same vicinity.
Independently of these patterns and trendline, my proprietary predictive analysis and forecasting has defined "TG-1 = 1.11659 - 12 MAR" as a moderate-probability target where a resistance/reversal might occur as well.
A large proprietary pattern looms in the background, itself lining up with above technical events and potentially casting a bearish target down at TG-Lo - 1.07445 - 12 MAR 14 - as is, this target represents a low-probability (red) event.
OVERALL:
Technical events have come to a cross-road where significant resistant is expected to occur at TG-1 = 1.11659, and may represent a broader expression of a proprietary pattern casting its own abysmal target as TG-Lo = 1.07445 - 12 MAR 14. System directional indicator remains neutral-to-bearish, while trader's directional bias is bearish.
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.
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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
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15 MAY 2014 - Chart Update:
Here is a large view (Weekly chart) highlighting a speculative price action pathway - I am not a EW expert by a very long shot, but laying down the EW pattern as an overlay to my predictive/forecasting model, it may help confirm/infirm what should be considered a highly speculative proposal this early in the game - Still, the EW waves are real and worth heeding:
NOTE: Highlighted in the chart is a potential Wave-4 contracting triangle with its Point-5 "throw-below" signature. Wave-4 remains shaded under the condition that a 3-ply a-b-c pattern (typical of the Wave-4's 3-3-3-3-3 contracting triangle) remains unanswered.
Here is a large view (Weekly chart) highlighting a speculative price action pathway - I am not a EW expert by a very long shot, but laying down the EW pattern as an overlay to my predictive/forecasting model, it may help confirm/infirm what should be considered a highly speculative proposal this early in the game - Still, the EW waves are real and worth heeding:
NOTE: Highlighted in the chart is a potential Wave-4 contracting triangle with its Point-5 "throw-below" signature. Wave-4 remains shaded under the condition that a 3-ply a-b-c pattern (typical of the Wave-4's 3-3-3-3-3 contracting triangle) remains unanswered.
Cheers,
David