4xForecaster
Short

$USD vs. $CHF - Bearing Down Of #Franc | $USDCHF #SNB #forex

FX:USDCHF   U.S. Dollar/Swiss Franc
a year ago
Friends,


A GREAT RESPONSIVE PAIR FOR THE MODEL:

This $USDCHF pair has been quite consistent in its response to the Predictive/Forecastng Model. First, last December 2014, the Model was able to predict the dramatic crash of this pair (See 02 DEC             2014 analysis/chart here:
Nearing Resistance Per Wolfe Waves | $USD $CHF $XAU #forex
), hitting first the forecast bullish targets up to 0.99144, and then calling for a reversal, wherein price hit all abysmal targets on its way down to 090275.

Following that tumble, the Predictive/Forecasting Model signaled a significant rallying into loftier targets, which also got hit one after the other from 0.90357 back up to 0.99346 (See 21 JAN 2015 analysis/chart here:
Bulls Are Being #Franc, Pushing Back In Earnest $CHF $USD #forex
).


snapshot


NEW PREDICTIVE/FORECASTING MODEL SIGNAL:

Today, same Predictive/Forecasting Model remains bearish on the pair with the following two targets which were already announced this past 29 APR 2015, namely:

1 - TG-Lo = 0.90073 - 29 APR 2015

and

2 - TG-Lox = 0.87312 - 29 APR 2015


There is a significant interim support that I would add here at 0.89065, which may guard price from reaching the lower-probability qualitative "TG-Lox". That level should represent a bullish entrenchment, defined at:

- Bullish Entrenchment = 0.89065.

The significance of this level is simply on the basis that it may likely interdict price from reaching its lowest forecast at TG-Lox, and that bulls may use that level as a springboard for a reversal.


MARKET GEOMETRY:

The nascent background geometry is a Wolfe Wave with its 5 points still in gestation. For instance, Point-4 remains improbable at this point, since the Tunneling feature borrowed from the "Geo" remains unclear. The Geo             can also lend its "Geo Anchor" idea at the GREEN asterix to suggest a possible point of repose for the Wolfe Wave's 1-4 Line, which remains speculative at this point.

For the time being, 0.95421 acts as a significant resistance for the geometry, suggesting that if Point-4 was to find a final residence, it would do so below 0.95421, and likely along the 1-4 Line speculatively drawn in the chart.


OVERALL:

The Predictive/Forecasting Model stands alone and independent of the geometries ascribed in the chart. Only the Wolfe Wave and the "Geo" have demonstrated significant adherence to the Model's forecasts, so they are drawn here for visual guidance, standing in the background, whereas the Predictive/Forecasting Model are the principle targets at the foreground of the analysis.

At this time, the Model remains bearish , and targets defined this past April, 29th, 2015 remain ever closer and still in force.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


-----
Twitter:
@4xForecaster

LinkedIn:
David Alcindor
-----

.
a year ago
Comment: 23 OCT 2015 - Chart Update:

Watch for this interplay between a BLUE contracting geometry and a BLACK expanding geometry:
snapshot


There is a good chance that, based on the completion of the BLACK geometry at Point-E, price would rise and meet resistance of the BLUE upper border - This geometry would remain a triangle, with retained 3-3-3-3-3 internals, but would convert from an Elliott Wave Contracting Triangle to an Elliott Wave Barrier Triangle (where Point-(D) comes into horizontal alignment with Point-(B) . )

snapshot


Worth keeping a close watch.

Best,

David Alcindor
a year ago
Comment: 27 OCT 2015 - Chart Update:

Price continues to rise towards combined B-D Lines:

snapshot


David Alcindor
a year ago
Comment: 07 NOV 2015 - Chart Update / Tech-Note:

I realize that I posted a bullish target this past November 29th in the "Predictive Analysis & Forecasting" chatroom (Here is the link to the room: https://www.tradingview.com/chat/#5eHLst6YxeVqGlaO ... And here is the link to that comment where the bullish target was defined: https://www.tradingview.com/chat/m/22f20b3d-edde-449c-a08d-1fd43b8eda6b/ )

Following is chart at time of announcement, as well as today's updated chart:

$USDCHF - 29 OCT 2015:
snapshot


$USDCHF - 07 NOV 2015:
snapshot


At this point, I would look for a 1-3 Line validation as a technical hint towards further downside, towards the targets defined back in April.

INVALIDATION of the target would be best defined by a price rallying in excess of 1.618 of Points 1 and 2 height, or simply be defining an adverse excursion in excess of a 5-second (5'') level, which is defined as the parallel of the 2-4 Line projecting off of Point-1, just as the 5' was defined by that same parallel off of Point-3.

Best,

David Alcindor
a year ago
Comment: 08 NOV 2015 - Chart Update / Tech-Note:

I am adding the WL value at 1.01075 (see chart below) - This is the Predictive/Forecasting Model's level that signals moving the analysis to a 4-fold timeframe (e.g.: a 15-min chart with a WL violation suggests to move the analysis to M15 x 4 = 1-hour timeframe ... Correspondingly, H1 x 4 = H4, and H4 x 4 - DAILY, and daily x 4 = weekly, and finally weekly x 4 = Monthly).

In this case, I would look for any indicator/signal for reversal as well - Feel free to chart anything that you deem supportive of a continuation to the upside or a retracement/reversal.

snapshot


Thank you for your readership. It is much appreciated.

Best,

David Alcindor
a year ago
Comment: 08 NOV 2015 - EDUCATIONAL TRADE IDEA

I have an entry at the WL minus spread and a few fronted pips.

Stop Loss as shown in the chart:

snapshot



Good luck!

David Alcindor
a year ago
Comment: ADDENDUM - Here is what you should guard against ...:

snapshot


So, if price is not moving your way, it might be due to the influence of an inner geometry.

David Alcindor
a year ago
Comment: 08 NV 2015 - Educational Trade - UPDATE: A Step-By-Step Assessment Of A Potential Reversal:

For those interested in minutia and smaller frames, here is a potential way to calibrate the (much) larger entry in the DAILY chart using a fine granular M15 frame:


1 - ASSESS THE FIELD:
First, let's take a look at the field at the M15 level:
snapshot


2 - THROW SOME FIBS FOR PROBABLE PRICE EXTENTS:
Next, let's throw a Fibonacci extension of 1.414 and 1.618 - This will give us two important values:
snapshot

a -- 1.414-FE = 1.00828 - This is the value at which an aggressive counter-trend market is likely to reverse. A precautionary short entry at this level is not a bad proposition. Ever.
b -- 1.618-FE = 1.00905 - This would represent a conservative stop-loss if price were to Break-Across, Close-Across ("BACA") this handle.

3 - DO YOU SEE A GEOMETRY?
Next, let's look for a potential geometry ... But do you see one? If not, try to connect highs together, then lows together. Here is what I get:
snapshot


4 - DEFINE A PROBABLE GEOMETRIC AMPLITUDE:
Next, using my prop model (you can use very basic structural analysis here too), I define a possible extent in the decline of current price action - Here is what I get as a probable floor:
snapshot


Note that the most important thing here is not to have a "smart tool", but a cautious attitude towards your trade. My "Model" gives me guidelines, but what we are looking for is a safe entry.

5 - DEFINE A SAFE ENTRY:
In these geometries, the safest entry is done at the price level of Point-C (assuming a A-B-C-D-E point-definition of the geometry) - Here is where the estimated (conservative entry would occur, given the speculative price path (dashed line):
snapshot


6 - DEFINING AN EXIT:
Here, this is pretty simple. We discussed several times before the significance of the 1.414-FE level. In an aggressive counter-trend market, this may often be the level at which institutional players might travel to fetch stop-loss positions, while leaving bag holders at the 1.618-FE level. So, if you long a position and you near a 1.414-FE level, this is where you get off the boat. No question asked.:
snapshot


7 - DEFINING A RE-ENTRY:
In the case of this chart, you could either re-enter immediately at the level you exited your long position. For the more cautionary player who sees a potential short position at the DAILY chart (and this is really most of use, since we started at a much higher timeframe, and here we are simply musing about the possibility of a very short-lived trade, we might also consider the following short entry (Your SL remains at the 1-618-FE value):
snapshot



OVERALL:

This is a purely educational demonstration of how I enter a trade using the simplest elements in the field. My Model offers a high-probability guideline, but RSI, trendline and simple geometries often suffice for the most profitable or consistent trades.

Looking for risky entries or a random chance to profit should never be a recourse or remedy to frustration. Sometime, doing nothing is already sufficient activity to neither profit, nor losing.

In my view, I'd much rather learn from a loss than profit by chance. The accumulated lessons will only reinforce your mind's eye for otherwise unseen opportunities.

Best,

David Alcindor
Durango, Colorado - USA
a year ago
Comment: 09 NOV 2015 - Educational Trade - UPDATE:

So, here we are, catching price right at the time and place per 15-minute chart forecast:
snapshot


Expecting some pull-back at this point.

David Alcindor
a year ago
Comment: 16 NOV 2015 - Chart Update / Tech-Note:

Price is fighting against gravity ... WW/Geo completed 5-point outline ... Not a great Geo, so unsure of probable decline from here:

snapshot


David Alcindor
a year ago
Comment: 16 NOV 2015 - Chart Update / Tech-Note:

Price moved right up to the Watch Line (not a target) ... :

snapshot


David Alcindor
a year ago
Comment: 17 NOV 2015 - Chart Update / Tech-Note:

As price BACA > WL, this triggers a higher-frame analysis. Typically, this should occur at 4 times the level at which a WL crossing occurs. Instead, I decided to return to the original 4-hour chart, to maintain a larger appreciation of price action ... Here is what we are dealing with at this time:

snapshot


1 - Price exceeded slightly two internal reciprocal ab = cd symmetries
2 - Price rallied into the 1.414 to 1.618-FE range
3 - A 5-point geometry completed with above two events.

I would look for price exiting out of the FE range to consider a short, whereas a BACA > 1.618-FE should be considered as possible SL.

An alternate SL I like to define is a 1.414 of 1.414-FE level.

David Alcindor
a year ago
Comment: ... ADDENDUM ... Here is what a 1.414 of 1.414-FE would look like:

snapshot


David Alcindor
9 months ago
Comment: 29 FEB 2016 - Chart Update / Tech-Note:

Watch for this discreet WW completion (RED) as we continue to anticipate further decline:
snapshot


Invalidation should occur above most recent structural top.

Best,

David Alcindor
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
ADDENDUM:

As a quick visual review, here is the price action that occurred, adherent to the Predictive/Forecasting Model ("Model") this past December 2014:


Original chart at release of forecast:
snapshot



Hitting first target:
snapshot



Hitting second target and setting up for a reversal to the down-side - Abysmal targets are defined:
snapshot



Hitting all abysmal targets:
snapshot




Next, a new analysis is drawn with a bullish expectation, eyeing lofty targets (see analysis here:
Bulls Are Being #Franc, Pushing Back In Earnest $CHF $USD #forex
)


Original chart at release of forecast:
snapshot



Hitting first target:
snapshot



Hitting second target:
snapshot



Preparing for reversal to the down-side:
snapshot



Refining bearish targets:
snapshot



Current chart at today's release of forecast:
snapshot



Best,


David Alcindor
+3 Reply
nikokoev 4xForecaster
a year ago
Another genius work David!
+1 Reply
10 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$USDCHF rolled from Point-4, affirm potential geometric development; Bearish targets still in force:

snapshot


$CHF #SNB
----------


snapshot



David Alcindor
+2 Reply
Hi David; I believe a WW is developing, respecting to your GEO priciples
snapshot
+2 Reply
4xForecaster PRO HamedAghajani
a year ago
Hello @HamedAghajani - Excellent. I had not noticed this one.

Did you notice one in the $GBPJPY by chance? Hiding in the DAILY chart. I believe this is the one that is likely to shape the way.


David
+2 Reply
HamedAghajani PRO 4xForecaster
a year ago
Thank you for the appreciation;
Do you mean this one;
snapshot
+1 Reply
4xForecaster PRO HamedAghajani
a year ago
@HamedAghajani:

Exactly this one.

1 - 1-2 Leg maintains reciprocal symmetry
2 - 2-3 Leg maintains ZZ complexity ... even though it may still be developing into a 2-3 Leg still, with Point-3 at a higher level, but this is of a LOWER probability.
3 - 3-4 Leg should offer a simple ZZ ... it is VERY possible that we are now looking at only 2/3 of the ZZ. iven plots a, b and c for a ZZ formation, we are likey looking at a (down) and b (up), whereas a c (down) remains PENDING, in the length approximating that of a (hence projecting slightly BELOW 184.00, I'd say near 182.00 ... which would correspond to the CORE of the nodule ... @iefan, you might also see take a look at this one, if you see what I mean).

Cheers,

David
+2 Reply
iefan PRO
a year ago
15 JUL 2015

$USDCHF

Hi David

Look like a WW on the 4 Hour chart could start the decline in this pair and forming a new Point 4 for the larger Geo you have charted.
snapshot
+1 Reply
4xForecaster PRO iefan
a year ago
Hi, @iefan - Yes, this presents a HIGHER probability decline than a rally.

David
+3 Reply
20 JUL 2015 - UPDATE/Tech-Note:

As is habitual with Point-4, there is no clear definition of the underlying geometry (Wolfe Wave or Geo) without a clear indication that Point-4 found a final residence. In this case, you may have noticed as we followed this chart along, that the slope of 1-4 Line keeps on being pushed up, up to the current level, which is expected to be a near-complete - if not complete - 1-4 Line, if I had to base the slope on the "Geo Anchor" point (green star), which is a common condition within the "Geo" - See following chart:


snapshot



At the current time, I expect price to rise and further validate this 1-4 Line as it pushes on up. Yet, question here is to decipher the probable levels at which price is to rise. I have highlighted in the chart three scenarios, in vanishing degree of probability. Note that the grey dashed line that runs atop the geometry, originating from Point-2 is nothing more than the projection of the 1-3 Line, and that if it were transgressed, it would effectively invalidate the geometries (either WW or Geo) as a whole.

There are three levels defined, from which price could reverse. However, relative to that grey line off of Point-2, it would take an aggressive rally for price to validate the PURPLE target line without crossing the grey slope, which is why it appears as the least probable of the scenarios.

Instead, I would focus on the middle scenario for now, which is to say that any short-trade contemplation might be wise to wait and obtain further indication that a reversal is afoot, which is not yet the case.

I will continue to post further analysis and comments whenever pertinent or necessary.

Best,


David Alcindor
+3 Reply
17 SEP 2015 - Chart Update / Tech-Note:


Price continues to fall as forecast towards the presumed plots of the Geo. However, I like to keep contingent scenarios running in the back of my head, so to speak, and the reverse reciprocal ab = cd symmetry that occurred in the UP-swing between Point-3 and Point-4 (BLUE) is also reminiscent of the Geo's 1-2 Leg requirement. For this reason, I have assigned a larger - albeit ghosted - set of numbers (here 1, 2 and 3) as a visual reminder of this possible "plan-B".

In any case, for the time being, there is no change in the bearish targets defined by the foreground Predictive/Forecasting Model:


snapshot




David Alcindor
+3 Reply
17 SEP 2015 - Twitter/LinkedIn Update:


$USDCHF: How Predictive Analysis & Forecasting Did Forecast The Crash of January 15 2015:

http://bit.ly/1OhWagn

$CHF #SNB 4xforecaster


David Alcindor
+4 Reply
Good morning sir! I have a question on the overall target, if 5' is the high point for wave 5. If remember correctly as far as the GEO is concerned. I thought I had read the TG-Lo that would generally correspond with 5' being the target hit for the high, was the area of the start point of 4. Here the TG-Lo is much lower. Did I misinterpret the description, or just read it wrong all together? Is this based on a Fib level? My eyes are slowly starting to pick up what you are so generously putting out here for the trading world to see. I just want to make sure I am getting the formulas correct. When you have the time can you please expand my vision on the process? I am fascinated with the knowledge you are so willing to share.
Thank you again for your kindness!
Scott
+2 Reply
4xForecaster PRO Heelfan23
a year ago
Hello @Heelfan23 - I am so very glad that your mind's eyes is starting to see through the lines.

First, the Predictive/Forecasting Model is the foreground engine that generates high probability targets. As "built", it will define the trend, the strength of that trend, direction and extent or price, as well as define whether the target will cause a reversal (Qual-Target) or simply a retracement (Quant-Target).

Second, the geometries that I post (recently, I emphasized the Geo to present its distinctive features compared to the Wolfe Wave and how geometric compensations can be used to define a probable price pathway) are not related to the targets. So, a 5' can exist above, below or right at a target. Typically, the target will be a qualitative one (i.e.: "Qual-Target, such as highs and extreme-highs, or lows and extreme-lows, defined as TG-Hi, -Hix or TG-Lo, -Lox, respectively).

So, you did not misunderstand it. I think you understand this well, it's just that it is best to keep a "visual layer" of the analyses, where the Predictive/Forecasting Model's targets are at its FORE-ground, and the geometries I provide remain at the BACK-ground.

Once you "layer" this, it might help you keep the two separate, and help you keep a critical mind as to what is, what might and what could happen - All of this is probability based, and the combination of these two "layers" only serve to enhance that probability, without necessarily confirming one another.

Is this making sense at all?

David
+2 Reply
Heelfan23 PRO 4xForecaster
a year ago
Thank you for the answers David. As usual a well explained answer. Thank you as well for all of the additional information, and break down on what you look for to entering a trade as explained in the posts that have followed. It is so much more information then anyone could expect to receive (especially for free, most paid trading coaches don't break it down so well). If at some point you do decide to teach again I would love to join your group of students, even if I have to move to Durango. Thanks again for your wonderful guidance.
+2 Reply
4xForecaster PRO Heelfan23
a year ago
Hello @Heelfan23 - Thank you for your kind feedback.

I have planned a trading symposium or some sort of event in Durango, Colorado lasting a week-end or so, revealing a lot more than what I share. However, this requires a lot of coordination and time which I only have in bits and parts. If I decide to organize one, I would have to have enough committed interest and make such a announcement several months ahead.

In case this event ever materialized, I would certainly share it here, in this TradingView community, first and foremost ... Perhaps TradingView could sponsor such an event (elbow nudge in @admin rib's) ...

Again, thank you for your generous feedback. It is much appreciated.

David
+2 Reply
iefan PRO 4xForecaster
a year ago
David I'll fly out from South Africa at a moments notice to attend! Visa already sorted in anticipation! No pressure :-)
+1 Reply
4xForecaster PRO iefan
a year ago
LOL. You are too kind @iefan. I am very flattered.

But, noted, indeed.

David
+1 Reply
08 NOV 2015 - EDUCATIONAL TRADE IDEA

I have an entry at the WL minus spread and a few fronted pips.

Stop Loss as shown in the chart:

snapshot



Good luck!

David Alcindor
+3 Reply
ADDENDUM - Here is what you should guard against ...:

snapshot


So, if price is not moving your way, it might be due to the influence of an inner geometry.

One Geo is bitter. Two is sweeter, right?

David Alcindor
+4 Reply
08 NOV 2015 - A Quick LESSON On The Simplest Use Of RSI:

Look for the RSI level that is associated with the most aggressive counter-trend reaction in price (just forget about nonsensical "over-bought" or bearish divergence for a moment, please) - Here I have highlighted it in the chart in RED in the RSI window:
snapshot


Now, draw a narrow line across the ENTIRE indicator, and what do you see?
snapshot


Simply put, I see that all and any validation that rose to the level of the RSI is itself associated with a significant decline ... See the second red marker in the RSI window:
snapshot


However, I also see that the most recent RSI peak value is a miss (orange marker):
snapshot


OVERALL, there is a tendency (not a trend, and certainly NOT a rule) for the RSI to require a triggering value. That value has a mathematical equivalent in ratio, which calls for a decompensation if and once that value is attained.

Now, do you see why I might have defined an entry at such a loftier level, near the WL line? Whether price gets there or not is not as important as to decpher subtleties such as this, simply because if price reverses from current levels, I have the 1-3 Line of the geometry as my trigger, whereas if it gets there, there is that much less distance to a stop-loss, which saves me even more ammunition for another trader, right?

Best,

David Alcindor
+5 Reply
08 NV 2015 - Educational Trade - UPDATE: A Step-By-Step Assessment Of A Potential Reversal:

For those interested in minutia and smaller frames, here is a potential way to calibrate the (much) larger entry in the DAILY chart using a fine granular M15 frame:


1 - ASSESS THE FIELD:
First, let's take a look at the field at the M15 level:
snapshot


2 - THROW SOME FIBS FOR PROBABLE PRICE EXTENTS:
Next, let's throw a Fibonacci extension of 1.414 and 1.618 - This will give us two important values:
snapshot

a -- 1.414-FE = 1.00828 - This is the value at which an aggressive counter-trend market is likely to reverse. A precautionary short entry at this level is not a bad proposition. Ever.
b -- 1.618-FE = 1.00905 - This would represent a conservative stop-loss if price were to Break-Across, Close-Across ("BACA") this handle.

3 - DO YOU SEE A GEOMETRY?
Next, let's look for a potential geometry ... But do you see one? If not, try to connect highs together, then lows together. Here is what I get:
snapshot


4 - DEFINE A PROBABLE GEOMETRIC AMPLITUDE:
Next, using my prop model (you can use very basic structural analysis here too), I define a possible extent in the decline of current price action - Here is what I get as a probable floor:
snapshot


Note that the most important thing here is not to have a "smart tool", but a cautious attitude towards your trade. My "Model" gives me guidelines, but what we are looking for is a safe entry.

5 - DEFINE A SAFE ENTRY:
In these geometries, the safest entry is done at the price level of Point-C (assuming a A-B-C-D-E point-definition of the geometry) - Here is where the estimated (conservative entry would occur, given the speculative price path (dashed line):
snapshot


6 - DEFINING AN EXIT:
Here, this is pretty simple. We discussed several times before the significance of the 1.414-FE level. In an aggressive counter-trend market, this may often be the level at which institutional players might travel to fetch stop-loss positions, while leaving bag holders at the 1.618-FE level. So, if you long a position and you near a 1.414-FE level, this is where you get off the boat. No question asked.:
snapshot


7 - DEFINING A RE-ENTRY:
In the case of this chart, you could either re-enter immediately at the level you exited your long position. For the more cautionary player who sees a potential short position at the DAILY chart (and this is really most of use, since we started at a much higher timeframe, and here we are simply musing about the possibility of a very short-lived trade, we might also consider the following short entry (Your SL remains at the 1-618-FE value):
snapshot



OVERALL:

This is a purely educational demonstration of how I enter a trade using the simplest elements in the field. My Model offers a high-probability guideline, but RSI, trendline and simple geometries often suffice for the most profitable or consistent trades.

Looking for risky entries or a random chance to profit should never be a recourse or remedy to frustration. Sometime, doing nothing is already sufficient activity to neither profit, nor losing.

In my view, I'd much rather learn from a loss than profit by chance. The accumulated lessons will only reinforce your mind's eye for otherwise unseen opportunities.

Best,

David Alcindor
Durango, Colorado - USA
+5 Reply
4xForecaster PRO 4xForecaster
a year ago
09 NOV 2015 - Educational Trade - UPDATE:

So, here we are, catching price right at the time and place per 15-minute chart forecast:
snapshot


Expecting some pull-back at this point.

David Alcindor
+3 Reply
4xForecaster PRO 4xForecaster
a year ago
... UPDATE:

Here is the extent of the Stop-Loss, preserving a minimal win/lose ratio:
snapshot


David Alcindor
+3 Reply
4xForecaster PRO 4xForecaster
a year ago
... UPDATE:

Here, the trade continues to play itself out. Highlighted is the price level of Point-C, discussed earlier, representing a conservative entry level into a long position. Not much distance to go, but one that carries a greater premium of higher probability:
snapshot


David Alcindor
+3 Reply
4xForecaster PRO 4xForecaster
a year ago
... UPDATE: Beware of this possible development (BLACK expanding triangle):

snapshot


David Alcindor
+3 Reply
4xForecaster PRO 4xForecaster
a year ago
ADDENDUM: What we are seeking here is a move towards the 1.414 = 1.00828 level - Here are two possibilities:

1 - One falling short by a mere reciprocal ab = cd symmetry:
snapshot


AND

2 - The other extending off of the ab leg via a 1.414-FE ... That value comes up again:
snapshot


David Alcindor
+5 Reply
4xForecaster PRO 4xForecaster
a year ago
... UPDATE:

Finally getting out of the resistance:

snapshot


David Alcindor
+2 Reply
4xForecaster PRO 4xForecaster
a year ago
... Well, there is still this one resistance (purple square):

snapshot


David Alcindor
+2 Reply
4xForecaster PRO 4xForecaster
a year ago
... UPDATE:

1.00501 acting as a once-resistance, now-support level - Forecast remains intact and in force:

snapshot


David Alcindor
+3 Reply
iefan PRO 4xForecaster
a year ago
Great forecast David, with you all the way in this trade, squeezing the last few pips before the reversal! Magic!
+2 Reply
4xForecaster PRO 4xForecaster
a year ago
... UPDATE: * * * TARGET HIT * * *

Target was hit. Predictive/Forecasting Model calls for possible higher-high. However, this remains a limited probability in terms of amplitude.

snapshot


I hope you enjoyed this educational trade as much as I did.

Best,

David Alcindor
+4 Reply
4xForecaster PRO 4xForecaster
a year ago
12 NOV 2015 - Chart Update / Tech-Note:

Price retested target, effecting a Double-Top. interim target below is likely to be hit. This is a minor target (Quant-Target): Once and if this target is hit, I expect a minor Fibonacci contraction to occur, at which point, we will resume the higher timeframes, where lower targets remain intact and in force:

snapshot


David Alcindor
+1 Reply
shekhu27 4xForecaster
a year ago
Great Analysis David. following this chart closely. So, does this go Higher to the WL zone to short or you mean the big down move has already started?
+1 Reply
4xForecaster PRO shekhu27
a year ago
Hello @shekhu27 - The WL is NOT a target. It is a signal from the Predictive/Forecasting Model to suggest bringing the analysis to a higher timeframe level - Outlook remains bearish for this pair.

Resistance at 1.003 is expected, whereas bears are likely to lose control over 1.005.

David
+2 Reply
iefan PRO 4xForecaster
a year ago
David is it the H4 that needs to close above 1.005 or the M15....we have 10 minutes to go for the H4......bullish right?
snapshot
Reply
ccake28
9 months ago
Hi David. I understand from your analysis that EURUSD will decline from current level, but since you also view that USDCHF will decline, does it imply that EURCHF will decline even more? Thank you:)
+1 Reply
4xForecaster PRO ccake28
9 months ago
Hello @ccake28,
Reply
4xForecaster PRO 4xForecaster
9 months ago
I am not certain that the $USDCHF is done carving higher-highs:
Reply
4xForecaster PRO 4xForecaster
9 months ago
The SMALL geometry I posted alert the trader of a possible interim decline, but the LARGE zig-zag calls for a possible terminal spike towards that rising PINK line:
snapshot


David
Reply
4xForecaster PRO 4xForecaster
9 months ago
@ccake28 ... Here is what to WATCH for:
snapshot


Best,

David Alcindor
Reply
4xForecaster PRO 4xForecaster
9 months ago
So, watch this DOTTED line:
snapshot


Best,

David Alcindor
Reply
ccake28 4xForecaster
9 months ago
Thanks so much David for your comprehensive analysis. I really appreciate it!
+1 Reply
4xForecaster PRO ccake28
9 months ago
You are very welcome - David
Reply
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