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Predictive Analysis & Forecasting
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$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?
Checking this thru my phone. Looks really promising. I think you are onto something.
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
2 - The dimmer 1-4 Line would be the classic placement, as defined by Mr. Bil Wolfe (wwwWolfeWave.com).
Great notice, @iefan.
If, in contrast, price were to carve a 5-prime point, then there is less of a chance for this to occur.