4xForecaster
Long

$USD v. $SEK - Geo Eyes 8.9109 | #elliottwave #fibonacci #forex

FX:USDSEK   U.S. Dollar/Swedish Krona
541 19 19
Friends,

This pair was been quite responsive to the Predictive/Forecasting Model on both large and smaller scale - Although, this there has been only two prior predictive analysis and forecasting - Following are two of these forecasts:

$USDSEK - Short-Term Target ... Hit.
http://bit.ly/1JQPI9O

$USDSEK - Mid-Term Target ... Hit.
http://bit.ly/1O7vuxz


FORECASTING THE HOURLY FRAME:

This time, we return to a "in-between" timeframe, having defined a target as TG-Hi = 8.9109 - 01 OCT             2015 in the hourly timeframe - This target is defined using the Predictive/Forecasting Model as an autonomous feature that I use as my foreground leader.


PREDICTIVE/FORECASTING MODE BREAKS DOWN ELLIOTT WAVE AND GEO:

What I have added to the price field are geometries, one borrowed from the Elliott Wave patterns in the form of a triangle, with internals of (A)-(B)-(C)-(D)-(E) defined at the Intermediate Degree (i.e.: wave counts defined over weeks to month) with defining convergence between lines A-C and B-D.

The other is the Geo             , with its own internal requirements, such as a reciprocal ab = cd within the 1-2 Leg, complex zig-zag (typically TZ) within its 2-3 Leg, a simpler ZZ between 3-4 Leg, and convergence of 1-3 and 2-4 lines, both of same directional slope (up in this particular case).

Note that the Geo             was simply born as a refinement of Mr. Bill Wolfe's Wolfe Wave (www.WolfeWave.com) using the Predictive/Forecasting Model as the dissecting tool. In the same manner and procedure as I have dome with the WW leading to refinements of internals and improving the precision of forecasts of reversal levels that would define the entire geometry, I am now turning to Elliott Wave's Contracting Triangle for a similar biopsy, although the waves are already well and authoritatively defined (www.ElliottWave.com) - There is nothing to add here, except being able to predict where whether the triangle will predictably post an overshoot, undershoot or pure alignment with the geometry's A-C line projection. It might not matter in smaller frames, but daily, weekly and monthly might cause unbearable adverse excursions.

Note that in this analysis, the Predictive/Forecasting Model eyes an OVER-shoot at TG-Hi, short of the expected 1.131-Fibonacci level which often defines that overshoot, such that:

E = 1.131 x A.


snapshot


OVERALL:

Bullish outlook with possible interim decline to depths defined in dashed arrows. Target as discussed above.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Twitter: @4xForecaster

LinkedIn: David Alcindor

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Comment: 17 NOV 2015 - Chart Update:

No change in daily forecast ... Price remains intent on bullish TG-1 = 8.9109 target, defined last October, 01st 2015:

snapshot


David Alcindor
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Well done
+1 Reply
09 OCT 2015 - Chart Update / Tech-Note:


Price fell to the 5' level; Use Geo's Off-Set Rule #2 as the HIGHEST probability targeting method ... that is, price level corresponding to Point-4 presenting as the highest probability attainment from this level:


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David Alcindor
+1 Reply
2use 4xForecaster
It feels bearish now? coupled with EUR/USD changing direction and EUR/Sek at a support level, seems to hold
+1 Reply
2use 4xForecaster
Can you update it ?
+1 Reply
08 OCT 2015 - Chart Update / Tech-Note:


Price continues to move per forecast; Meets support; Outlook remains bullish - Break below structural low would challenge bullish outlook; Motive wave formation to the downside would invalidate bullish move:


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David Alcindor
+1 Reply
07 OCT 2015 - Chart Update / Tech-Note:

With only 34 minutes left in the current bar, price is nicely coming back down to the level of BACA ... Very nice of the market to do so:

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David Alcindor
+2 Reply
07 OCT 2016 - Chart Update / Tech-Note:

Heed RSI ... :

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David Alcindor
+2 Reply
06 OCT 2015 - Chart Update:


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David Alcindor
+2 Reply
06 OCT 2015 - Chart Update / Tech-Note:


Here is the price now at the bottom of the defined range, as WW/Geo completes ... Very high-probability of reversal is now reached:

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David Alcindor
+1 Reply
06 OCT 2015 - Chart Update / Tech-Note:


Price reached the nadir of dashed forecast arrow; Expecting support in this vicinity:

snapshot



Also, anyone sees a WW/Geo completion at this level?


David Alcindor
+1 Reply
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