2018-08-10 - $USDTRY: Keeping A Close Watch On E.A.G.L.E.:
Can you count how many times we got burnt on $USDTRY, waiting for a movement that occurred in multiples of the expected forecast, or one that simply turned around? I can: Two too many.
In this case, I want to highlight a few areas that are worth looking as we wait for a probable reversal at...
$TWLO - Nears Corrective Decline; CROW Eyes 54.56 - 08 AUG 2018:
Tentative count suggests near-completion of 5 wave impulse, pending correction
CROW Code suggests residual leg up to 77.78
TWO Possible Scenarios:
1 - Complete Wave Count:
Assuming tentative wave count completed at recent all-time-high, look for decline to 53.17, or CROW target: 54.56
2 - If...
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 - Fundamentals turn against $GBP; BOJ can't control strengthening $JPY: Net Bearish for $GBPJPY, expecting the strengthening #yen to carry a longer shaping effect in the overall geometry, as opposed to a weaker #pound
2 - Predictive/Forecasting Model is net bearish with TG-Lo = 87.772, TG-Lox = 66.900, WL =...
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)
Model presents a potential bearish turn in the Russell-2000 ... See following analysis:
PREDICTIVE ANALYSIS/FORECASTING MODEL:
Predictive/Forecasting Model offers a high-probability reversal in the vicinity of 119.97, as well as a abysmal bearish target defined today (11 JUN 2016) as TG-Lo = 67.51:
A prop geometry is completing at the 12.65 handle, whereas the Predictive/Forecasting Model eyes a probable low at 12.43 - Look for a reversal to the UP-side if and once price reverses with bullish initial quantitative target at 17.21 and secondary target at 17.68.
David Alcindor, CMT Affiliate
$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...