$USDollar - Target Hit Dead-On

FX:USDOLLAR   Dow Jones FXCM Dollar Index
580 4 3
$USDollar - Target Hit Dead-On

Hello friends!

Three days ago, on January 07th, we introduced you to the Wolfe Waves pattern ("WW" in short), and used $CADJPY (see original chart setup here: http://on.fb.me/1cWi5Gl) as well as the USDollar             Index (see original set up here: http://on.fb.me/1dtkXqN) as potential candidates for an imminent, but calculated decline.

- Here is the resulting dead-on hit in the USDollar             here: http://on.fb.me/1ktCEzB
- Here is the resulting dead-on hit in the $CADJPY here: http://on.fb.me/1iryi7F

Contrary to our usual predictive analyses, this time we based our calculations upon the complex features of the WW. From the level where price stood, we had already offered our clients a bearish outlook. But with this prime example of complex market geometries, we could not resist the temptation to correlate our forecast with that of the WW. Hence, we made it a public courtesy share.

As of today, and by now this market close, we are glad to announce that the trade went fast and hard, down to the precise level of our forecast, which was predefined my the 1-4 Line of the WW.

We hope that in your pursuit to market studying, you will give consideration to market geometries and other occult discoveries. This one pattern was discovered by William "Bill" Wolfe - Google             it and enjoy the learning process ... We have three major proprietary and a few minor new patterns at 4xQuad which we use as a layered tool within our daily market predictive analyses and forecast, and we hope to stir a similar level of curiosity, so that you too could some day discover your pattern under your very own namesake, who knows (we named our patterns based on several references, such as The Great White, the Euclid, The Janus ... etc).

Enjoy the process of discovery.

Have a great weekend.


David Alcindor | 4xQuad.com
@justatrader - I have had quite the opposite experience, but it really boils down to defining the points correctly. I introduced this pattern about 22 years ago to a group of traders, and this has become a favorite one to trade. Again, it's one pattern which traders learn to hate or love, much like the Shark pattern and its inseparable 5-0 Pattern acolyte.

I have since completely moved on from known pattern trading, but this one remains a fond one.

David Alcindor | 4xQuad.com
+1 Reply
4xForecaster 4xForecaster
* * * BIG TYPO - Should read " ... 2 years ago ...", and definitely NOT 22 years ago!!! My apologies. David * * *
I had been a big fan of Wolfe Waves for quite a while. But its a tricky pattern to trade. While at times the ETA and EPA are bang on, in most cases its a miss. To trade purely based on WW is not recommended (take it from someone who had been trading this pattern for a year). But having said that, when the WW is right it is scarily right on the targets. One of my best experiences with Wolfe Waves was a projected drop in EURUSD last year (and this was a good few months ahead of the Cyprus crisis 2013) and a projection to 1.4 towards end of Jan/early-mid Feb in 2014. But the bottom line being its not a very reliable pattern.
Here are the links for the chart:
1 - Chart set-up: http://on.fb.me/1dtkXqN
2 - Dead-On Hit: http://on.fb.me/1ktCEzB


David Alcindor | 4xQuad.com
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