Potential Rallying; Predictive Model Eyes Bullish Targets #forex
Updated
Friends,
PREDICTIVE/FORECASTING MODEL:
Predictive/Forecasting Model eyes the following BULLISH targets:
1 - TG-Hi = 6.5473 - 04 JUN 2015
and
2 - TG-Hix = 6.6721 - 04 JUN 2015
MARKET GEOMETRY:
A break > Point-3 of the background geometry would still see significant resistance to any advance, with a Wolfe Wave / Geo. potentially illustrating the change of a push back. If this occurred at Point-5, then a temporizing decline could occur down along the 1-4 Line. However, based on Geo's Off-Set Rule, a rallying significantly above Point-5 (exacting Point-5') would likely limit such pull back to the level of price Point-4 (circa 6.187).
MOMENTAL LINES:
Note the dominant lines throughout the chart, which form significant dynamic price-pacing supports and resistance. These are likely to play a role in the nascent geometry, as well as subsequent price advances.
OVERALL:
Bulls have defended their territory at the 6.187 level. This level may be temporarily violated, but invalidation of above analysis should come if and once price breaks-below/closes below Point-2 of the geometry, circa 6.1100.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
Twitter:
David Alcindor
-----
.
PREDICTIVE/FORECASTING MODEL:
Predictive/Forecasting Model eyes the following BULLISH targets:
1 - TG-Hi = 6.5473 - 04 JUN 2015
and
2 - TG-Hix = 6.6721 - 04 JUN 2015
MARKET GEOMETRY:
A break > Point-3 of the background geometry would still see significant resistance to any advance, with a Wolfe Wave / Geo. potentially illustrating the change of a push back. If this occurred at Point-5, then a temporizing decline could occur down along the 1-4 Line. However, based on Geo's Off-Set Rule, a rallying significantly above Point-5 (exacting Point-5') would likely limit such pull back to the level of price Point-4 (circa 6.187).
MOMENTAL LINES:
Note the dominant lines throughout the chart, which form significant dynamic price-pacing supports and resistance. These are likely to play a role in the nascent geometry, as well as subsequent price advances.
OVERALL:
Bulls have defended their territory at the 6.187 level. This level may be temporarily violated, but invalidation of above analysis should come if and once price breaks-below/closes below Point-2 of the geometry, circa 6.1100.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
Twitter:
David Alcindor
-----
.
Note
UPDATE - USDCNY/2D - 16 SEP 2017:All bullish targets HIT:
David Alcindor
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