Looking at the majors in e-mini Forex, here is a quick synopsis of potential price action - Black levels are model-based R/S level projection; Colors are TG-Hi/Lo in red and TG-Hix/Lox in purple. $EUR vs. $USD: Expected to lose ground against USD. A hard structure stands at 1.1538 to invalidate this bearish outlook. In opposite, a softer ground at 1.1267 would...
Quick note here on the Russell (private request I decided to share) Market closed right at 121.53 in the context of the following predictive/forecasting model results: BULLISH TARGETS: 1 - TG-Hi = 121.78 - 13 FEB 2015 and 2 - TG-Hix = 128.18 - 13 FEB 2015 PATTERN ANALYSIS: - ELLIOTT WAVE ("EW"); Wolfe Wave ("WW"): Model suggests a topped-off condition....
Friends, A LOW-PROBABILITY RALLY: At this point, USDollar index has reached a significant bearish entrenchment level. Transgression of this level would open the roof up to higher-highs, starting with a probable 1.618 extension as a point of termination for a 5th wave. However, what is occurring at the moment resembles more an Elliott Wave 5th wave...
Friends, As I come across comments on the charts in which traders overlay simple geometries, I thought I should point out to the ones that have been most important in my experience, in terms of how reliable they have been. THE STANDARD AB=CD PATTERN: To start the enumeration of the most common ones, let's name the most obvious ones, the a-b = c-d symmetrical...
TRADE PROFILE: Long prospect given two structural "lines in the sand" - 1.53511, marking a probable bullish momentum or - 1.52005, marking a probable retracement into bullish entrenchment range (1.50360/1.49959) PREDICTIVE/FORECASTING MODEL: Model defined the following bullish target: - TG = 1.64116 - 09 FEB 2015 FIBONACCI ANALYSIS: Model's target...
Trade Profile: SL = 1.96640 Entry = 1.96260 Target = 1.81668 Alternate (Conservative) entry = 1.94988 RR = 38.5 to 1 OVERALL: - Low risk, low exposure. Conservative entry should consider a lower SL (recommending 0.886 of prior swing). - Trade invalidates at SL; Would reconsider re-entry at conservative level if resumes in that direction and model...
Friends, Natural gas ($NGAS) is coming to a technical floor per Elliott Wave count as well as predictive/forecasting model. WAVE ANALYSIS: - ELLIOTT WAVE: Price action in this 8-hour chart illustrates a recent down-swing consistent with an Bearish Elliott Wave impulse, whose internal construction suggests a near completion, as price appears to negotiate a...
TRADE OPP: - Short Opp as per chart TRADE PROFILE: 1 - Entry @ 19.275 (pending) 2 - SL @ 179.385 3 - PT @ 175.908 -- RR = 30.61:1 APPLIED STRAT.: E.A.G.L.E. =(E)xtremely (AG)gressive (L)evel of (E)ntry BACKGROUND PATTERN Scott Carney's Bullish Shark ALTERNATIVE: Entry @178.893 (back-up/conservative) David Alcindor Predictive Analysis &...
Friends, Model proposes a set of lofty and loftier targets provided that the following conditions are NOT met: 1 - Line A-e fails 2 - Line a-c-e validates Point-g to complete a large 7-legged expanding triangle 3 - Line a-g fails to express an #Elliott Wave Expanding Triangle through Points A, B and C. TRADE STRAT NOTE: One significant factor that might...
Friends, As with the recent $AUDCHF trade released (see it in linked "related ideas"), this Swissy is showing some bullish impetus. Predictive/forecasting Model eyes the following TWO nominal targets: 1 - TG-Hi = 0.94292 - 21 JAN 2015 and 2 - TG-Hix = 0.99346 - 21 JAN 2015 The Elliott Wave construct which characterized the recent bearish swing is likely...
Friends, Recently, I put out a few lessons on basic and advanced technical analysis, using simply trendlines, patterns, and delving into more complex geometries from Elliott Wave, Bill Wolfe and Scott Carney's widely known patterns. Today, I would like to present a variance of the Wolfe Waves pattern, which some of you know as my main work-horse geometry as a...
Friends, I initially entered this pair @ 1.03882, and closed this long position today in anticipation of the following analysis. As announced earlier today (see dated tweet on this pair), the pair is likely to recover towards its 50% level. However, price stalled at the 38.2% Fib level, suggesting that a transient recovery in $NZD could pull the pair back...
Friends, Here is a probable bear per predictive/forecasting model, eyeing the following set of numerical and nominal targets: PREDICTIVE ANALYSIS/FORECASTING: 1 - TG-1 = 1.50074 - 22 JAN 2015 2 - TG-Lo = 1.49429 - 22 JAN 2015 and 3 - TG-Lox = 1.48907 - 22 JAN 2015 ADVANCED PATTERN ANALYSIS: Note that the current background geometry consists of a...
Watch for a potential rally off of 0.68893. Following are speculative forecast (i.e.: If model was forced to commit to bullish outlook), yielding the following targets: NUMERICAL TARGETS: 1 - TG-1 - 0.75064 - 22 JAN 2015 and 2 - TG-2 - 0.77643 - 22 JAN 2015 NOMINAL TARGETS: 1 - TG-Hi = 0.79946 - 22 JAN 2015 and 2 - TG-Hix = 0.81815 - 22 JAN 2015...
While I don't know a lot about the Wolfe Waves pattern, I am wondering if it could be possible that we have one developing on the daily time frame. It may be too early to tell and I'm just jumping the gun a little. I don't think it will become apparent unless we get a point 4 to print on the chart. This will then let us determine the 2-4 line and therefore the...