Geo-In-Geo Cycle Completion | $AUD $JPY #RBA #BOJ #aussie #yen
SYNOPSIS:
GEO:
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).
CONDITIONS:
1 - AGGRESSIVE: Look for a slight retracement to the 78.619/78.139 range
-- INVALIDATION: BACA < 77.582
2 - CONSERVATIVE: A break out to the topside of the 77.582/82.428 range
-- CONFIRMATION: BACA > 82.428
3 - TARGETING the 1-4 Line for partial profit ... Consideration of the 1-3 Line validation off of Point-2 (top dashed line in faint blue) IF price remains above the BLUE 1-4 Line and below the BLACK 1-4 Line.
PREDICTIVE/FORECASTING MODEL:
Targets defined by Predictive/Forecasting Model are as follows:
1 - TG-Hi = 91.083 - 28 FEB 2016
AND
2 - TG-Hix = 92.808 - 28 FEB 2016
Note that both are Qual-Targets, so they offer a lesser probability of attainment compared to Quant-Targets, but would impart a great reversible power upon price - See more explanation on this methodology here:
- linkedin.com/pulse/predictiveforecasting-models-quant-target-versus-david-alcindor/
OVERALL:
Bullish outlook with invalidation level at 77.852, aggressive ("EAGLE") trigger at the 78.619/78.139 range, and conservative trigger at 82.428.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado, U.S.A.
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Twitter: 4xForecaster
Linked-In: David Alcindor
TradingView: 4xForecaster
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.
GEO:
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).
CONDITIONS:
1 - AGGRESSIVE: Look for a slight retracement to the 78.619/78.139 range
-- INVALIDATION: BACA < 77.582
2 - CONSERVATIVE: A break out to the topside of the 77.582/82.428 range
-- CONFIRMATION: BACA > 82.428
3 - TARGETING the 1-4 Line for partial profit ... Consideration of the 1-3 Line validation off of Point-2 (top dashed line in faint blue) IF price remains above the BLUE 1-4 Line and below the BLACK 1-4 Line.
PREDICTIVE/FORECASTING MODEL:
Targets defined by Predictive/Forecasting Model are as follows:
1 - TG-Hi = 91.083 - 28 FEB 2016
AND
2 - TG-Hix = 92.808 - 28 FEB 2016
Note that both are Qual-Targets, so they offer a lesser probability of attainment compared to Quant-Targets, but would impart a great reversible power upon price - See more explanation on this methodology here:
- linkedin.com/pulse/predictiveforecasting-models-quant-target-versus-david-alcindor/
OVERALL:
Bullish outlook with invalidation level at 77.852, aggressive ("EAGLE") trigger at the 78.619/78.139 range, and conservative trigger at 82.428.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado, U.S.A.
-----
Twitter: 4xForecaster
Linked-In: David Alcindor
TradingView: 4xForecaster
-----
.
Note
02 MAR 2016 - Chart Update / Tech-Note: Looking at the finer granular frame, here is a potential interplay of Geo and Elliott Wave's Triangle:
Best,
David Alcindor
Note
14 UN 2016 - Chart Update:Now that price has reached the lowest range and stalling into a narrow consolidation pattern, watch for structural highs being taken out:
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.