Here is an updated chart for this new month, as we continue to witness bearish indications on the US Dollar.
As per Geo's own Off-Set Rule (i.e.: a precision refinement I developed off of the Wolfe Wave), price has rallied from the ectopic Point-5 position, namely: Point-5-prime, or 5' and rose.
The Off-Set Rule states that:
1 - If price rallies from Point-5, it will seek the highest probability attainment along the 1-4 Line (this is the Wolfe Wave expectation).
2 - if price rallies from Point-5' (read as point-5-prime), it will seek the highest probability attainment at the price level corresponding to Point-4 Which is a recurrent feature of this geometric adjustment I discovered, offering a much higher probability target rather than that which Mr. Bill Wolfe, author of the famed Wolfe Wave, would seek.
3 - If price rallies from Point-5'' (read as point-5-second), it will seek the highest probability attainment at the price level corresponding to Point-3.
David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA
I hope you guys are having fun with this Wolfe Wave / Geo.
If you have any problem with it, let me know. I have contracted a video service to allow up to 25 traders for chart review, analysis and Q&A sessions.
Feel free to stream ideas, requests and comments, so that I may develop topics and focused responses on technical analysis, Bitcoin, Forex, indices and metals.
Cheers,
David Alcindor
iefan
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Fantastic news David! I'm there like a bear.....eh bull oh whatever I'm keen as mustard! Any chance we can explore the following areas as I know very little about them apart from the gems you have left in some of your trade ideas.
1. Occult Geometries
2. Momental Lines
3. How you use RSI with your Geo developments....if at all?
4. Nodal and Nodular Cores, how to identify, chart and trade using them?
Thank you for this fantastic opportunity!
Best
Iefan
4xForecaster
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Noted.
Some of these concepts are lessons I have kept for paid sessions, but I don't plan on teaching for the time being.
There is plenty more to cover, even in the most basic technical side of things.
David
4xForecaster
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TOPICS would be directed to refine the trader's predictive analysis and forecast - The Predictive/Forecasting Model will not be shared, but there are more than one way to skin a chart.
Example of topics worth visiting:
1 - Fibonacci: The good and the very good levels. Nothing bad.
2 - Elliott Wave: General differentiation of IMP vs. COR, and how to use the most basic approach in forcasting a high-probability level of attainment
3 - Scott Carney's patterns, especially Shark and 5-0
4 - Review of the basic Wolfe Wave morphology
5 - Review of the Geo
- - Internal construction of the 1-2 Leg; Reciprocal ab = cd symmetry as "best fit"
- - The Elliott Wave double ZZ, triple ZZ, and what it means in terms of Geo internal construction
- - Tunneling: Best-fit analysis of the Geo-Anchor - "Why here and not there" approach; Optimizing the probability target
6 - RSI:
- - Why bearish divergence means UP, but negative divergence really means what it means
- - Why bullish divergence means DOWN, but positive divergence really means what it means
- - What the levels mean: 30, 50, 70 ... And why there is no such a thing as "oversold" or "overbought" conditions in RSI
7 - Basic Trading Strats:
- - Defining Exits Before Entries
- - Defining Stop-losses Before Trading
- - Getting The Entry Right
8 - MEDITATIVE HABITS
- - "It's not me, it's my brain": Divorcing from your habit energies; Be your self, not a trader.
- - The consciously aware trader: Standing still in trading.
- - Learning to hit and run - Deliberate omissions
David
iefan
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Hi David. Perfect, looking forward to it!
rv
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great news. thks
HamedAghajani
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Great Idea. Let us know your plans.
Nick_C_
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Looking to see much higher prices here
4xForecaster
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Hello @NickCoulby - Yes, it is possible. Right now, the Model calls for significant bearish pressure, and this could be relieved by price validating the 1-4 Line. A bounce up from there would then make a rally a possibility.
The Predictive/Forecasting Model is probability-based, so there is no absolute, of course.
* * * Live Sessions, Anyone? * * *
I hope you guys are having fun with this Wolfe Wave / Geo.
If you have any problem with it, let me know. I have contracted a video service to allow up to 25 traders for chart review, analysis and Q&A sessions.
Feel free to stream ideas, requests and comments, so that I may develop topics and focused responses on technical analysis, Bitcoin, Forex, indices and metals.
Cheers,
David Alcindor