A very quick synopsis on the $USD v. $HKD.
There is a potential 5-point completion of a v. Geo completion as illustrated in the following chart:
The exists irrespective of internal geometries that construct its outer geometric shell (See Mr. Bill Wolfe's http://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 ZZ in 2-3 Leg and simple 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).
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.
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