$USD v. $SEK Lesson #4: Geo Construction & Contingencies #forex
Friends,
A with lessons and demonstrations offered over the past 24 hours (See $USDTRY, $NZDJPY, ... etc), here is another pair worth looking into, not so much from the perspective of a pending geometric completion, but as an example of developing a contingency plan.
Here, we are contemplating a short (green scare representing a conservative, prudent entry point, where price BACA < 1-3 Line as its signal) As the Wolfe Wave/Geo would have it, targeting the 1-4 Line comes to sight, and this would be the right thing to consider at this point.
However, there is a slight possibility that Point-5 of the completed geometry might in fact be a dud, and that instead, the higher-high structure that build atop this point may perhaps represent the residence of Point-3, of a larger geometric system.
As a cautionary measure, I would here recommend the trader to look for added confirmation, such as breaking below prior higher lows (for instance, the one at 8.45, and the one slightly above 8.40), with perhaps partial positioning if that fitted your risk tolerance or strategy style) - See following illustration:
Another typical price behavior worth waiting for is the conversion of the 2-4 Line from a support-to-resistance, which means that price would retrace from a decline and hit the underbelly of the formed geometry, offering a validation signal to go short - See suggested dashed pathway in following illustration:
OVERALL:
In any case, figuring out reasonable and sound price behavior ahead of the game is likely to remove some of the uncertainties that come with this and any other markets - For instance, there still remains the uncertainty whether this pair will ignore the completed geometry, and instead internalize it into a large system. Yet, for this scenario, there is already a contingency plan awaiting in the background, using the Geo's internal construction rules (see prior lessons).
See you on this or other revealing threads.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
A with lessons and demonstrations offered over the past 24 hours (See $USDTRY, $NZDJPY, ... etc), here is another pair worth looking into, not so much from the perspective of a pending geometric completion, but as an example of developing a contingency plan.
Here, we are contemplating a short (green scare representing a conservative, prudent entry point, where price BACA < 1-3 Line as its signal) As the Wolfe Wave/Geo would have it, targeting the 1-4 Line comes to sight, and this would be the right thing to consider at this point.
However, there is a slight possibility that Point-5 of the completed geometry might in fact be a dud, and that instead, the higher-high structure that build atop this point may perhaps represent the residence of Point-3, of a larger geometric system.
As a cautionary measure, I would here recommend the trader to look for added confirmation, such as breaking below prior higher lows (for instance, the one at 8.45, and the one slightly above 8.40), with perhaps partial positioning if that fitted your risk tolerance or strategy style) - See following illustration:
Another typical price behavior worth waiting for is the conversion of the 2-4 Line from a support-to-resistance, which means that price would retrace from a decline and hit the underbelly of the formed geometry, offering a validation signal to go short - See suggested dashed pathway in following illustration:
OVERALL:
In any case, figuring out reasonable and sound price behavior ahead of the game is likely to remove some of the uncertainties that come with this and any other markets - For instance, there still remains the uncertainty whether this pair will ignore the completed geometry, and instead internalize it into a large system. Yet, for this scenario, there is already a contingency plan awaiting in the background, using the Geo's internal construction rules (see prior lessons).
See you on this or other revealing threads.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.