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

FX:USDMXN   U.S. Dollar/Mexican Peso
a year ago
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.


snapshot


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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.
11 months ago
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:
snapshot


David
11 months ago
Comment: 11 JAN 2016 - Chart Update / Tech-Note:

Look for significant resistance, high-probability reversal at the range defined in this chart:
snapshot


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: admin@KADAInstitute.com
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Looks sweet
The Peso to rise again? Potenial daily ending diagonal in USDMXN
Reply
15 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDMXN rolled from Point-5 forecast; Remains capped @15.841; 15.638 opens floor:

snapshot


$USD $MXN $peso #BdeM #forex
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snapshot



David Alcindor
+2 Reply
iefan PRO
a year ago
19 JUL 2015

$USDMXN

WW spotted on the 4 Hour TF....
snapshot
+1 Reply
4xForecaster PRO iefan
a year ago
20 JUL 2015

Hello @iefan - Yes, right on.

I would expect a push towards the larger 5-prime (as 5' represents the most frequent level of adverse excursion for the Geo) as far as the larger geometry goes. This might potentially align well with the smaller geometry's own 5'.

Very nice.


David
+2 Reply
20 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDMXN rallied to 15817 as forecast; Now mulls 15.166 decline from Geo's 5-prime position:

snapshot


$USD $MXN #peso #forex
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snapshot



David Alcindor
+1 Reply
20 JUL 2015 - Tech-Note:

Putting it into a larger perspective:


$USDMXN/Weekly chart:
First inscription of a potential Geo, based on speculative reciprocal; ab = cd symmetry and recent price action


snapshot



David Alcindor
+1 Reply
wyz22
a year ago
5" hit?
+1 Reply
4xForecaster PRO wyz22
a year ago
Hello @wyz22 - Yes. Excellent pick up.

I just posted a high-probability target, modified from the original forecast based on the geo's Off-Set Rule.


David
+1 Reply
31 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDMXN stretched to a rare 5'' adverse excursion; Geo's Off-Set rule suggests a 15.84 target, or 0.386 #fibonacci:

snapshot

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snapshot



David Alcindor
+3 Reply
03 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDMXN: Geo's 5'' remains the primary geometric driver to bearish target; Bears loom at 16.4:

snapshot


$USD $MXN #peso
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snapshot



David Alcindor
+1 Reply
13 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$MXN butts head against forecast bearish entrenchment; Still bound to 15.84 per Geo's Off-Set Rule:

snapshot


$USDMXN #peso
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snapshot



David Alcindor
+1 Reply
24 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDMXN nears completion of this classic Butterfly pattern; Could open to 38.6% retracement:

snapshot


$USD $MXN #peso
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David Alcindor
Reply
25 AUG 2015 - Tech-Note update:

Note that price reached the 1.414-FE level I had mentioned recently.

I suggest that the trader considers H1 and H4 frame level activities that point to a decline as a consideration for shorting - Keep your SL close-by.


snapshot



David Alcindor
+1 Reply
IvanLabrie PRO 4xForecaster
a year ago
Looks like an interesting trade, thanks David.
Reply
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:

snapshot


$USD $MXN #mexican #peso #forex
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David Alcindor
+1 Reply
IvanLabrie PRO 4xForecaster
a year ago
Looking good David, great stuff.
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:


snapshot



David
+2 Reply
IvanLabrie PRO 4xForecaster
a year ago
Very nice entry if it works!
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:


snapshot



David Alcindor
+1 Reply
iefan PRO
a year ago
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!
snapshot
+1 Reply
4xForecaster PRO iefan
a year ago
@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
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:

snapshot


David Alcindor
+1 Reply
J.Livermore PRO
11 months ago
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.

snapshot



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.

$USD v $CAD - LESSON:  Wolfe Wave vs. Geo vs. Model  #BOC #forex


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
11 months ago
snapshot
Reply
4xForecaster PRO J.Livermore
11 months ago
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:
snapshot


David Alcindor
+2 Reply
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