$USD vs. $ZAR Signal Potential Decline To 11.389 | #rand #forex

FX:USDZAR   U.S. Dollar / South African Rand

Look for a breach of the 2-4 Line (even beyond defined geometry) for a potential short signaling. Bears are starting to weigh on the $USDZAR pair, while #USDollar is also shoeing signs of fatigue across other pairs (in addition, look for internal weakening in $SPX             and $USDJPY             correlate).

Background geometry is the Wolfe Wave with its 1-4 Target Line lurking beneath, whereas a structure at a narrow 11.389/11.360 is likely to offer a solid floor if and once above bearish scenarios plays out.


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


David Alcindor

Comment: 27 OCT 2015 - Chart Update / Tech-Note:

(initiated speculative ATHENA in ATHENA Room)

Price continues to move in forecast direction. ATHENA outline remains highly speculative:

David Alcindor
Hi David

I was wondering if you wouldn't mind having a look at this developing ATHENA on the USDZAR pair? Do you ever trade the 4 - 5 Leg of the ATHENA like you sometimes trade the 4-5 Leg of a Geo or WW? Kind regards Iefan
29 SEP 2015 - Chart Update / Tech-Note:

This trade has wandered off up to the WL I defined last night (this is the last tolerable level defined by the Predictive/Forecasting Model calling for reversal or demanding a higher timeframe of analysis). As price just hit that level at the tip-top of the bar, it then reversed. If price remains under that level and does not attempt to mount on offensive in the form of a bullish impulse, then there is a high probability that we were able to define a tip-top reversal and see price decline for this WL level.

However, if price defines a bullish impulse and BACA > WL, then we would have to consider this analysis null and void, and carry our attention to a higher timeframe.

David Alcindor
+2 Reply
28 SEP 2015 - Chart Update / Tech-Note:

New Target: WL at 14.16016, representing a high-probability reversal (and last tolerance level per Predictive/Forecasting Model) - Geo remains in force with reversal from 5'' calling for Geo's Offset Rule #3:

David Alcindor
+1 Reply
25 SEP 2015 - Chart Update / Tech-Note:

Watch out for this 50% Line. It poses a significant hurdle technical hurdle against bears, acting as a temporizing support to bulls as they weave a more complex correction. I would look for TWO conditions:

1 - A bearish impulse ...

... followed by:

2 - a correction to the upside, and then and only then enter at the break of the 4th wave of that C's correction.

There waves are yet to occur, but are sine qua non to any decline.

David Alcindor
+1 Reply
16 - SEP 2015 - Chart Update / Tech-Note:

As price continues to fall from its 5'' position, we also continue to expect the Geo's Off-Set Rule to apply, thus looking at Price-3 attainment as the highest-probability event:

Note also that, passing the chart through the Predictive/Forecasting Model, the following targets are as follow:

1 - TG-1 = 12.94603 - 16 SEP 2015

2 - TG-Lo = 12.68373 - 16 SEP 2015


3 - TG-Lox = 12.51395 - 16 SEP 2015

David Alcindor
+1 Reply
iefan 4xForecaster
Hi David, do you think it is probable that this KoD could start the decline toward TG -1 ? Kind regards iefan
+1 Reply
@iefan - Excellent pick-up.

Looking at a lower target, this KoD can sometimes point to its destination. Using the nadir to recent top, the reverse 1.618-Fib extension falls snugly in line with the Predictive/Forecasting Model's targets ... Quite a convenience and reassurance, if you asked me.

Here is what the chart looks like with the Fib matrix.

Note that:

1 - The 1.618 defines Model's targets, as just mentioned
2 - The 50% Line of the Fib matrix is likely to be the TRIGGER for a down move - I would consult Elliott Wave's Rule of Alternations and appreciate what this level is likely to define, as I believe that the expected descent to that level will be a more complex price action. If you look at it from an Elliott Wave perspective, the rally from the termination level of wave-4 (squared-in numbers) to wave-5 is too straight an terminal impulse. For this reason, I would expect greater complexity in the price action that is about to occur.

This leaves to wonder whether the speculated wave-5 would terminate where I posted it. I expect that either a truncation occurs (i.e.: a failure of the market to bring bulls higher than the termination of wave-3, or if it had to rally any further, I would look for a 1.414 extension using the recent height.

Again, great eye for the Kod!

+1 Reply
4xForecaster 4xForecaster
ADDENDUM - Note also that the 1.618-Fib extension, which falls in line with the Predictive/Forecasting Model's target would see price reverse from a 5'' position. This calls for the Geo's Off-Set Rule #3, which offers the price level of Point-3 of the Geo as the highest probability event. This level happens to be right at that 1.618-Fib ... and the Model's stated targets.

Too good to be true, but here it is.

David Alcindor
+3 Reply
moorekapital 4xForecaster
Looks we had a clean bounce. Now, the selloff may begin
+1 Reply
14 SEP 2015 - Chart Update / Tech-Note:

Looking back at the chart, we were pushed up at Point-5, then Point-5', and finally Point-5'' - This offers a perfect example of the adverse excursion which a trader might incur when trading with the Geo. The important point here is to develop your st of rules regarding engagement and disengagement from a trade, using specific rules relative to a trendline, a price level or what ever you have decided that fits your risk management profile best.

This live example also illustrate quite well the three levels of possible attainment in terms of adverse excursion, so long as price is indeed declining from here - In which case, the Geo's Off-Set Rule should prevail over any other measured targets in terms of probability ranking:

David Alcindor
+2 Reply
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