$USD vs. $JPY - Probable Range-Bound Action Ahead | #BOJ #forex
Friends,
As the $USD tends to his gored wounds, expect a probable range-bound action in the days ahead.
PROBABLE QUANTITATIVE/GEOMETRIC INTERPLAY:
A nascent geometry is taking the shape of a Wolfe Wave, but given the structural bounds and Predictive Model data, I would expect this geometry to evolve into a possible Geo, in which case, its rules would differ.
For instance, Predictive Model is suggesting a probable floor in the 120.474/120.265 range, which would define a possible 5-prime position, and thus limit subsequent upward moves to the price level corresponding to Point-4 (range defined as 124.210 to 124.431).
This combined Predictive/Geometric analysis is very speculative, but remains within the boundaries of high probabilities in terms of how the Predictive/Forecasting Model and the Wolfe Wave/Geo have behaved individually.
WOLFE WAVE VS. GEO:
The Geo is simply an elaboration of the Wolve Wave pattern, taking into account internal geometric requirements, such as a reciprocal symmetry of the 1-2 Leg, a double or triple zig-zag of the 2-3 Leg in terms of Elliott Wave internal construction, as well as price compensations in terms of reversal whenever price would reverse from an ectopic Point-5 position, defined as a Point-5-prime (5'), whereby the geometric compensation would expect a lowered probability of price returning to the 1-4 Line (as if the rule in Wolfe Wave), but instead offer a high-probability of price reversing to the level corresponding to Point-4 (in the case of a point-5-second reversal, then the compensation would lower the 1-4 Line as the least probable target, compared to attainment of level of Point-4 as a moderate probability target, and the level corresponding to point-3 as the highest probability target - This is in essence the definition of the "Off-Set Rule of Probability Target", or simply the "Offset Rule".
OVERALL:
In this 4-hour chart, a channel can be drawn given the (pink) ranges illustrated in the chart, using known, reliable technical elements, such as geometry, Fibonacci (lower range happens to fall at 1.618 extension of points 2 and 3) and structural analyses - All this remains purely speculative, but the tools are individually consistent and probable in forecasting power.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
As the $USD tends to his gored wounds, expect a probable range-bound action in the days ahead.
PROBABLE QUANTITATIVE/GEOMETRIC INTERPLAY:
A nascent geometry is taking the shape of a Wolfe Wave, but given the structural bounds and Predictive Model data, I would expect this geometry to evolve into a possible Geo, in which case, its rules would differ.
For instance, Predictive Model is suggesting a probable floor in the 120.474/120.265 range, which would define a possible 5-prime position, and thus limit subsequent upward moves to the price level corresponding to Point-4 (range defined as 124.210 to 124.431).
This combined Predictive/Geometric analysis is very speculative, but remains within the boundaries of high probabilities in terms of how the Predictive/Forecasting Model and the Wolfe Wave/Geo have behaved individually.
WOLFE WAVE VS. GEO:
The Geo is simply an elaboration of the Wolve Wave pattern, taking into account internal geometric requirements, such as a reciprocal symmetry of the 1-2 Leg, a double or triple zig-zag of the 2-3 Leg in terms of Elliott Wave internal construction, as well as price compensations in terms of reversal whenever price would reverse from an ectopic Point-5 position, defined as a Point-5-prime (5'), whereby the geometric compensation would expect a lowered probability of price returning to the 1-4 Line (as if the rule in Wolfe Wave), but instead offer a high-probability of price reversing to the level corresponding to Point-4 (in the case of a point-5-second reversal, then the compensation would lower the 1-4 Line as the least probable target, compared to attainment of level of Point-4 as a moderate probability target, and the level corresponding to point-3 as the highest probability target - This is in essence the definition of the "Off-Set Rule of Probability Target", or simply the "Offset Rule".
OVERALL:
In this 4-hour chart, a channel can be drawn given the (pink) ranges illustrated in the chart, using known, reliable technical elements, such as geometry, Fibonacci (lower range happens to fall at 1.618 extension of points 2 and 3) and structural analyses - All this remains purely speculative, but the tools are individually consistent and probable in forecasting power.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.