4xForecaster
Long

Wolfe Wave v. Geo Potential At Predictive Model's 7.74892 $HKD

FX:USDHKD   U.S. Dollar/Hong Kong Dollar
295 4 13
Friends,

A very quick synopsis on the $USD v. $HKD.

There is a potential 5-point completion of a Wolfe Wave v. Geo             completion as illustrated in the following chart:


snapshot


The Wolfe Wave exists irrespective of internal geometries that construct its outer geometric             shell (See Mr. Bill Wolfe's www.WolfeWave.com site for an introduction to his pattern), whereas the Geo             depends upon internal and external geometric             requisites to justify its full completion (e.g.: Internal requirements, such as reciprocal symmetry of the 1-2 Leg, complex Elliott Wave ZZ in 2-3 Leg and simple Elliott Wave ZZ in 3-4 Leg, as well as external rules relying on extensions of 2-4 Line off of Points 1 (5') and Point-3 (5'') definition, and the omnipotent Off-Set Rule), all of which are in fact simple projection rules.

In its simplest analysis, the Predictive/Forecasting Model is expecting a rallying from TG-Lo = 7.74892 - 24 AUG 2015 as the most immediate level of reversal. However, Fibonacci extensions in the order of 1.414 and 1.618 are worth heeding, especially as the 1.414 level is most often associated with aggressive level of reversal - In this chart, such level would maintain the overall WW vs. Geo             contours intact, although further adverse excursion might validate the 5-prime (5') point and impose Geo's Off-Set Rule, as far as defining the highest probability target (here, the Rule would demand that price level of Point-4 be that target).


OVERALL:

WW vs. Geo             is likely to complete. Point-5 validation would offer a long opp             , whereas 1.414-FE should offer a probable long entry with BACA < 1.618-FE a prudent SL.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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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
26 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDHKD carves out new struct'l low; Nears bearish target; #fibonacci extensions are alt. floor:

snapshot


$USD $HKD #forex
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David Alcindor
+2 Reply
30 AUG 2015 - Chart Update:

Low registered at 7.74897 versus target at 7.74892:


snapshot



David
+2 Reply
02 AUG 2015 - Twitter/LinkedIn Update:

$USDHKD still bullish despite sideways advance, 3-time validations of Qual-Target at 7.74892:

snapshot


$USD $HKD #forex


David Alcindor
+1 Reply
03 SEP 2015 - Chart Update:


$USDHKD leaped to 2-4 Line, but uncommitted as still liable to test 1.414/1.618 #fibonacci levels:

snapshot



David Alcindor
+2 Reply
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