4xForecaster
Short

$USD vs. $JPY - High-Prob. Wolfe Wave Eyes 1-4 Line Target

FX:USDJPY   U.S. Dollar/Japanese Yen
Friends,

Yesterday, we looked at the Geo             methodology, defining a high-probability target by the use of its "Off-Set Rule" - see set up and target-hit here:
$USD vs. $JPY: High-Prob. Set-Up; Bearish M15 Frame | #forex
. Today, we are considering the conventional Wolfe Wave pattern, eyeing a possible target along its 1-4 Line, as shown in the following chart:


snapshot


Of geometric             note here, it is interesting to see how the former Geo's 1-3 Line and and current Wolfe Wave's 1-3 Line are converging at Point-5 to potentiate the probability of reversal at the level defined (arrow).


OVERALL:

The Model remains bearish , while current geometry is supporting a bearish intermediate play. A break below 123.871 would support further downside and open up to bearish targets defined in the larger timeframe (see weekly chart released a few days ago, here:
$USD vs. $JPY Eyes 122.014; Model Defines 117.134 Target  #forex
.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


-----
Twitter:
@4xForecaster

LinkedIn:
David Alcindor
-----

.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Nice Analysis!
Reply
05 JUN 2015 - UPDATE:

This WW was definitely not one that meant to complete its cycle.

... Moving on up to the larger timeframes, where the activity is occurring on this special fed data day.


David
Reply
It was yet another triangle:
snapshot
+1 Reply
Retirement and rest
+1 Reply
That's a very good view
+1 Reply
I think that is caused by the jump news on NFP and downward movement will be inevitable in the weekly
+1 Reply
08 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$USDJPY under bearish pressure; Grabs onto 5-prime Line (2-4 Line off of Pt-3); Bearish:

snapshot


$USD $JPY #BOK #forex
----------


snapshot



David Alcindor
+2 Reply
Sokun 4xForecaster
Any new comments?
Reply
Sokun 4xForecaster
Will it hit 122 and bounce up to 124 again before decending to117
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out