1 - Overall price action suggests an incomplete 5-wave impulse with Elliott Wave alternation rules giving way to a complex Wave-IV consolidation with support expected at 4104.70, compared to a simpler Wave-II which occurred between 04-2010 and 10 2011; A resultant Wave-V completion remains pending
1 - Limited downside risk per Predictive/Forecasting Model
2 - Predictive/Forecasting Model eyes 7296.19
3 - large developing geometry complies with internal construction of Geo
4 - Internal ab = cd nears "Model" target
5 - Internal inverted H&S in near alignment with reciprocal ab = cd symmetry
6 - Reversal...
1 - Per Predictive/Forecasting Model, underlying force continue to favor bulls
2 - Support near the 77.61 handle offers a probable rebound level
3 - Forecasting Model eyes 01 AUG 2016 vicinity as probable timing in rally
4 - Invalidation: Break of 68.99
David Alcindor, CMT Affiliate #227974
1 - Major bearish strength coming into play
2 - Immediate major support resides at the 15.54 handle
3 - Limited reactive rally expected at 15.54
4 - Ultimate bearish target at 7.83
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
$GBPCAD has been kind to us in terms of letting the Predictive/Forecasting Model remain tethered to the actual price action - See the following frames illustrating the prior successful forecast:
$GBPCAD-4Hour Chart: 6 months...
We return to this pair chart anew, looking at a geometric cycle completion of 2 Geo's:
In essence, a rally to the 1-4 Line of the Geo is called for, based on the concomitant completion of a Geo (Black) within a Geo (Blue).
1 - AGGRESSIVE: Look for a slight retracement to the 78.619/78.139...
This represents a high-probability event, whereby two Geos have a shared 5-second point defined. As per the Geo's Off-Set Rule list, this third condition calls for a limited rally to the price level corresponding to Point-3.
- JANUS (Proprietary Pattern):
A prop pattern is lending...
A long silence here on $BTC #BitStamp, as the Geo completes an imperfect 5-prime (see parallel lines validation at 5') - Per Geo's Off-Set Rule #2, this 5-prime definition called for a rally with a HIGH probability target corresponding to the price level of Point-4. Turns out, this is exactly what price did, as it rallied from 5' but failed to continue...
Predictive/Forecasting Model remains intent on the following bearish targets, as defined this past October, 2015:
1 - TG-Lo = 0.68691 - 27 OCT 2015
2 - TG-Lox = 0.68037 - 27 OCT 2015
On a geometric basis, a Wolfe Wave (www.WolfeWave.com) completes, with...
1 - Dominant trend remains bearish in DAILY chart - See larger scale analysis here: bit.ly
2 - This 4-HOUR chart highlights circumstantial technical evidence of an interim rally:
-- First bullish failure sets price into a descending series of 0.386-Fibonacci retracements
-- Last retracement represents a higher-order of...
Geo demands a set of internal geometric rules that have been met so far:
1 - The 1-2 Line forms a simple reciprocal ab = cd symmetry, or a simple Elliott Wave zig-zag (ZZ): Here, the 04-1995 to 08-1998 span offers a) An internal ab = cd correction and b) a near-perfect symmetry of this geometric...
Probable interim limited decline (i.e.: higher-low) at or along 2-4 Line (Point-4 remains unconfirmed). Longer term sees completion of geometry at Point-5.
Consider Wolfe Wave if price reverses from Point-5 to 1-4 Line - If adverse excursion occurs along the 3-5-prime (5') Line, apply Geo's Off-Set Rule...
Predictive/Forecasting Model sees reversal at 97.11
Geo's Off-Set Rule #3 sees support at 46.85
Interim Bullish support expected at 66.60
Predictive Analysis & Forecasting
Durango, CO - USA
Linked-In: David Alcindor
( ... This is all educational, not a trade recommendation ... )
First, thank you to @fmg for this timely request in the $CAD/Predictive Room.
Second, here is a potential Geo completion at its 5'' position ... Predictive/Forecasting Model recommends waiting pending 0.76940:
Per Geo's Off-Set Rule #3, a...
Prior analysis released this past May 2015 is replaced by this update. Following defines and explains the Predictive/Forecasting Model's targets, as well as the "Geo":
The following targets are defined by the Predictive/Forecasting Model as:
1 - TG-2 = 849.0 - 13 NOV 2015 -...
QUICK ANALYSIS - This is an educational trade ("Edu-Trade"), so do the due and cover your assets responsibly.
Entry at 1.09405 = "House-Cleaning" (Prop Pattern)
Stop-Loss at prior structural top = 1.13471
Targets based on Predictive/Forecasting Model:
1 - TG-1 = 1.05072 - 17 AUG 2015
2 - TG-Lo = 1.02807 - 17 AUG...