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$USD vs. $MXN - Wolfe Wave Offers High-Prob Target | #forex

FX:USDMXN   U.S. Dollar/Mexican Peso
Friends,

A Wolfe Wave 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.


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OVERALL, Wolfe Wave 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.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Comment: 09 JAN 2016 - Chart Update:

As per comment made today, here is a probable resistance level, as this pair remains bearish with targets in force:
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David
Comment: 11 JAN 2016 - Chart Update / Tech-Note:

Look for significant resistance, high-probability reversal at the range defined in this chart:
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Look for a conservative 38.6% retracement at a minimum, bringing price to a "transmural" level corresponding to Point-1.

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
Obviously, this one didn't work well as expected, any USDMXN spike were bought.

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.

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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 !
+1 Reply
J.Livermore PRO J.Livermore
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4xForecaster PRO J.Livermore
Yes, still very much bear - Commodity-sensitive pairs are best traded at institutional level frames, so expect a lot of loose correlation at H` and H4 levels, but at daily timeframes, they may be more tolerable differential in correlation.

Here is where the Fib is likely to impact this price:
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David Alcindor
+2 Reply
07 NOV 2015 - Chart Update / Tech-Note:

Price remains subdued to the prior 1.414-FE. Current consolidation remains ominous for bulls. 0.386-Fibonacci level offers a probable proximal support:

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David Alcindor
+1 Reply
Hi David. Just interested in how the 2-4 Lines projected off of Point 3 and Point 1 are still having an influence on price, fascinating!
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+1 Reply
@iefan - Yes, I have a few examples as to the enduring effects of these geometries. It all plays out into an invisible matrix of lines projecting now only forward, but also backward in price, as it price was literally running throught the groves of a tiles wall.

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.


David Alcindor
+1 Reply
14 SEP 2015 - Chart Update / Tech-Note:


Notice how price is getting tangled and framed within the geometric lines. So far, the bearish forecast remains intact in this WEEKLY (gasp!) chart:


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David Alcindor
+1 Reply
31 AUG 2015 - Chart Update / Tech-Note:

Price carves out a lower weekly-low. I have plotted the 5-point regimen for the Geo, but a larger Geo/WW might lurk:


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David
+2 Reply
IvanLabrie PRO 4xForecaster
Very nice entry if it works!
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26 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDMXN hit the 1.414 #fibonacci line; Eyeing high-prob. 38.6 Fib retracement:

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$USD $MXN #mexican #peso #forex
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David Alcindor
+1 Reply
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