Ge. completion at 5-prime calls for off-set target at the 50.44/50.08 range. Interim gap was filled, and a higher structural high ensued. Still, bears are crowding the level, raising expectation of a decline from this vicinity.
David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA
At the request of several traders, you may have noted that as of today (21 APR 2015), I have started to assign a thread for each Forex pair, so that it facilitates following the analyses. Therefore, from here on, I will make sure to develop a chart for each of the Forex pair, although I will also start posting individual index, stock, and commodities.
If there is a particular chart you'd like to share, please, do not just post the link. Simply use the icon in the right upper corner of the writing window, and cut/paste its URL. If there is a chart you'd like to bring up from another thread, simply right click on it, chose "Copy Link Location", then within that icon in the writing window, paste it, then click "Insert" ... It will show up as the URL address (i.e.: tradingview.com/xyz123 ... ) framed by https://URL within your text, but it'll show up as an image once "Post Comment" is clicked. If only the URL is posted without a visible chart, I am not likely to open it, nor would others, since we all go through so many of these charts in any given day. Make it easy for the sake of those who would enjoy your posting, comments and astute charting.
One last thing: If at all possible, try to make your chart as simply looking as possible. There is no need to mention your directional opinion, your feelings about a direction, or what you believe price should do, especially when supported by a myriads of complex and colorful indicators. Charting should never have to reveal the tools you used to arrive at an analysis. It should simply point to the bare essentials, stating a cause/effect, a before/after, or a single, simple point of discussion. I strive to deliver my charts to you in as simple a presentation as possible. The complexity of the predictive model, the technical tools, and other abstract elements are usually removed out of sight, not so much to keep it clean, but to have less "stuff" between you and me, so as to appear that I am here with you, and intentionally sharing something in the clearest and closest fashion as can be delivered.
My goal is nothing short than to introduce you to a different approach, look and activity surrounding charting, technical analysis and predictive analysis. But I want it to be of benefits to the largest number of other readers, students of the market as we all are, daily and incessantly.
I very much appreciate your following thus far, and look forward to more challenging queries.
Best,
David Alcindor
4xForecaster
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21 APR 2015 - Addendum:
Original predictive/forecasting chart of UKOIL vs. USOIL (relative strength) chart:
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Chart suggests USOIL value to exceed #Brent's, as relative strength aims for 0.92 value.
David Alcindor
4xForecaster
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03 AUG 2015 - UPDATE:
From Twitter/LinkedIn:
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USOIL hit last third target in H4; Larger TF still aiming lower:
Tech-Note: The geometry has been modified with plots moves to the right. Regardless, the move remains that of a consolidation, which is where Wolfe Wave and Geo reside. Both of these background geometries are used to best forecast the internal direction of price, even though the Predictive/Forecasting Model - which stands at the foreground of the analysis - remain in force with bearish targets intact.
David Alcindor
ElPatron.Y
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Are you already shorting or waiting for confirmation?
4xForecaster
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@LighthouseKeeper - I do not trade any of the commodities, but I use then as impactful correlations to certain currencies, since they represent the major rationale for price moving events.
David
ElPatron.Y
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Hi David,
Allright I understand, with what currency is crude oil correlated with?
From Twitter/LinkedIn:
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USOIL nears 3rd and last bearish target at 45.67; Bears meet resistance:
WTI #wti #crude #oil #oilandgas #usoil
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David Alcindor