4xForecaster

$USD v. $TRY - Another Step-By-Step | #turkish #lira #forex

FX:USDTRY   U.S. Dollar / Turkish Lira
Friends,

As the $NZDJPY trade is well on its way (although, we are not assuming that it will reach targets, but only that we are moving along with the probability that it would do so - See its analysis and step-by-step developments here: ), we are now turning to another potential short.

Whereas the $NZDJPY was heavier on basic technical conditions (Fibonacci levels), as well as a few occult geometric             concepts (nodes, nodules ... Feel free to Google             these terms, as well as E.A.G.L.E. if you like to discover these concepts), the case of the $USD vs. $TRY is a bit more involved and complicated, since we are looking at the Geo             .

What I would like to do here is to raise a few challenging questions, and after a few minutes, provide a simple and logical answer within the thread, hopefully keeping things as simple, linear and interesting as possible.

I am not interested in being right. I simply follow the rules that I have defined for the Geo             , and I stick to the rules that are imposed by the developing Geo             . It's that simple. There is no opinion, just objective data which you too can assimilate, ingest and regurgitate. Yum.

Let's start with a BLANK chart of $USDTRY ...

See you below.


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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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
27 AUG 2016 - Chart Update:

Invalidation occurred at lower tolerance line:


snapshot



I will close this thread and open a new one on this pair if and once there is a new M15 frame opp.

Thank you for following thus far.


David
+3 Reply
Max_N 4xForecaster
Thank you, David.
+2 Reply
26 AUG 2015 - Chart update:

Could this be it, then?

... Adjusting chart analysis to price swings ... Internal a-b-c ZZ just completed - Note how the a-to-c segment could also represent its own internal WW/Geo:


snapshot



D.
+4 Reply
26 AUG 2015 - Chart Update:


Heed this simple reciprocal symmetry:


snapshot



D.
+5 Reply
bilk29 4xForecaster
Thank you wery gud Have you euro Tl analez
+1 Reply
26 AUG 2015 - Chart update:

Possible pathway, using Geo's Off Set Rule:


snapshot



D.
+2 Reply
26 AUG 2015 - Chart update: * * * Geometry Invalidation * * *

Remember the "Tolerance Lines" discussed during the construction of the Geo?

Well, Here is a great illustration of their real purpose in a geometry invalidation:


snapshot



This means that we are done with this one and are moving on.


David Alcindor
+2 Reply
4xForecaster PRO 4xForecaster
As mentioned in the beginning, here the the alternate geometry - Although it might be one to consider, at this time, I would NOT seek any play in this, unless price completed the full 5-point regimen:


snapshot



David
+2 Reply
26 AUG 2015 - Chart update;


snapshot



I moved Point-4 to that new nadir ... Basically, price did follow the forecast (dashed purple) line drawn - Expect buoyancy near this level to counter-act on price.

Point-4 is your new battle ground. 2.9250 offers a reasonable generic SL level.


David
+3 Reply
26 AUG 2015 - "Tunneling"

This is one important concept in the development of the Geo.

Simply put, there is a discreet development of a "path of least resistance" that is developing along the 1-4 Line, which is best defined using an anchoring reference along the way, which I have called the "Geo Anchor".

Here is the possible (not probable) "Tunneling" development:


snapshot



... And here is the Geo Anchor I have used as a probable confirmation level (green star):


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D.
+3 Reply
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