Several technical tools point to probable reversal level. Applying predictive/forecasting model today with proprietary pattern overlay, all point to reversal at or near 11218. Prop pattern ("Great White") seeks resolution at an abysmal 9492.
5 - ELLIOTT WAVE: Cluster of 5th wave terminals line up per 1.414-to-1.618-Fib extensions into Model's TG-Hi level.
6 - OCCULT GEO: Euclidean Module (pink vertical rectangle) repeats itself (see ghosted numerals 1 and 2). Also, their gap differential (marked as A) repeats itself above second module through gap height projection (marked as B), nearly hitting TG-Hi = 11218 nominal target.
OVERALL: Very high-probability reversal at TG-Hi = 11218 per convergence of standard and discreet geometries.
- Look for Elliott Wave's Ending Diagonal conclusive geometry over next 3-5 weeks, unless aggressive bear market cheats the target of a few points (near-hit). - Minimum of 38.2-Fib retracement for multi-year swing could represent first hindrance to long-term decline.
David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA
NOTE - I have included a few charts in TradingView's "Link To Related Ideas" illustrating instances where the standard analyses were used as a background to predictive/forecasting model and occult market geometry applications - Thank you for your supportive readership and kind support - David.
Comments
alex.a
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Whenever USD dollar hit this level, it went down that level of 4xCaster. But at that time, I have no idea what kind of funda was playing 2012 June, July to bring up USD this level was very tough and long way ~ But, technically, when USD hit this level, one big swing is down there ~
alex.a
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alex.a
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unlike 4xcaster,I don't think it will break the 78.74. Due to the duration, DXY hovering around... So, higher possibilities going down
alex.a
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politically, newly elected Republicans wont let any positive US economy be executed for the people. They won't let. So, perhaps, now FED is all alone to handle. Not good ~
4xForecaster
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Hi, @timwest - Let me think about it. I am not sure whether I can do all this, though. For now, I keep the records by capturing charts and archiving them - David
timwest
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Hi David, I deleted my comment so as not to cause any more distraction. Higher level thinking isn't for everyone. Meaning, your work is valuable and I want to follow it but I find I need a little memory jogger from time to time. I don't have a trading assistant and we are all here trying to help people make money (and help ourselves too). So, a little bit of organization and planning and we could really accelerate our profits and our marketing at the same time. Cheers. Tim
4xForecaster
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Yes, I agree with your plan - I left a few messages in the MODs room to @admin looking into whether we could facilitate your proposed idea. I think that we can definitely look into an automated system too. Perhaps @ChrisMoody can help in the idea. Worth looking into - David
Several major banks are taking LONG USD positions against most other major currencies. About 80% are S/T positioning, the rest are M/T. This plays against the directional bias of the analysis for the long-term outlook, but not if considering that most of these S/P institutional plays are over a distance that corresponds to the current gap-fill til TG-Hi - Worth looking for that moment when these same banks are reversing their USD bullish outlook.