A completed its fifth and last plot at Point-5. This offers a high-probability reversal with this geometry's 1-4 Line a probable level of attainment (along grey dotted line).
Alternatively, a high-probability target is offered through the Geo's use of its internal "Geo-Anchoring" (green star points to the best-fit anchor point along the rule-based 2-3 Leg.
OVERALL, is the dominant geometry in the field, casting its 1-4 Line as a high-probability target. A more proximal target of higher-probability stands via the Geo . Partial off-load might be considered at that level.
Predictive Analysis & Forecasting
Durango, Colorado - USA
As per comment made today, here is a probable resistance level, as this pair remains bearish with targets in force:
Look for significant resistance, high-probability reversal at the range defined in this chart:
Look for a conservative 38.6% retracement at a minimum, bringing price to a "transmural" level corresponding to Point-1.
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So the question is, what the main driver of MXN ? And we don't have to go very far: like a tons of emerging countries, especially in Sud America, it's OIL.
There is a find with another idea you posted David, 6 month ago, at the same time of this USDMXN idea, you were analysing USDCAD almost in the same case (WW hitting 5) but for this pair (known as "USDCAD = the oil commodity pair") you were bull on that one.
Knowing this correlation with oil and USDCAD, would you still be bear on the USDMXN initial chart ?
Very happy/successful 2016 year !
Here is where the Fib is likely to impact this price:
It is the outlying contour patterns of the tiles which I seek: There is a "seed" tile, and it causes the arranging of a larger, more complex geometric matrix that sends all of these lines outward, to which price responds - The Gann square for instance has cognizance of this, but I am not sure it highlights all of it.