4xForecaster

#Peso Eyes Alternate 1-4 Line Per Geo Anchor | $USD $MXN #forex

FX:USDMXN   U.S. Dollar / Mexican Peso
A geo             is playing out here, propelled by a weaker USD. The traditional 1-4 Line is foregone, and instead it has been supplanted by a more conservative Alt. 1-4 Line, created from the "Geo Anchoring" concept discussed in prior analysis, defined therein by the GREEN asterix.




A Predictive/Forecasting Model has not been submitted for target definition at this point.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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David Alcindor
Alias: 4xForecaster

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08 MAY 2015 - Update:

From Twitter/LinkedIn:
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$USDMXN hit target at its geo line; Predictive Model's bearish forecast remains in force:



$USD $MXN #peso #forex
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David Alcindor
+1 Reply
iefan 4xForecaster
16 MAY 2015

$USDMXN Hi David. What a great forecast, really enjoyed this trade, thank you for posting it. Looks like we have another WW geo. The optimal geo anchored 1 - 4 line of the new geo is perfectly in line with the previous 2 - 4 Line which I find interesting. I expect this previous 2 -4 Line ( now the new geo 1 - 4 Line) will offer serious resistance if and when price rallies and meets it in the future....right?
+1 Reply
Hi @iefan,

Checking this thru my phone. Looks really promising. I think you are onto something.

David
+1 Reply
29 APR 2015 - Update:

From Twitter/LinkedIn:
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$USDMXN as price continues to roll as forecast, Predictive Model defines bearish target at 14.928:



$USD $MZN #peso
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David Alcindor
+1 Reply
iefan 4xForecaster
3 May 2015

$USDMXN

Hi David, it looks like your WW geo has developed into a larger WW?
+1 Reply
Hello @iefan - Yes, you are absolutely right.

The position of Point-1 is arguable, though. Both offer a relatively adequate 1-4 Line with "Tunneling":

1 - The darker one makes use of the Geo Anchor, and brings the slant closer onto the trajectory of price as it would reverse from Point-5

and

2 - The dimmer 1-4 Line would be the classic placement, as defined by Mr. Bil Wolfe (wwwWolfeWave.com).

Great notice, @iefan.


David
+1 Reply
4xForecaster 4xForecaster
+1 Reply
4xForecaster 4xForecaster
The importance of price at Point-5 right now cannot be overstated, as we consider the "Off-Set Rule". Simply put, as long as price does NOT post a 5-prime, then there is a very god chance that the abysmal target: TG-Lo = 14.9838 - 29 APR 2015 might get reached.

If, in contrast, price were to carve a 5-prime point, then there is less of a chance for this to occur.


David
+2 Reply
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