Potential Geometric Reversal At Low Target
Traders,
GEOMETRIES:
Here is a low-probability of a geometry-based reversal using a Wolfe Waves/Diagonal Triangle/3-Waves patterns. The pattern I would credit most here is a Wolfe Waves pattern at a 2-4 Line projection off of Point-3, thus creating a support terminating at a signature Poin-t5-Prime, or simply 5'.
A similar geometric development can be seen in Elliott Wave's Diagonal Triangle, as a simillar decline to TG-Lo would call for its signature "Throw-below".
PREDICTIVE/FORECASTING MODEL:
Model here calls for a low-probability (Red) target at:
TG-Lo = 1030.20 - 13 JUL 2014.
This would line up with the aforementioned geometries, and ultimately offer a support where bullish entrenchment is supported.
IF and ONCE this level is reached, I would expect a Fib-paced reactive retracement on the back of a relief rally following a significant embattlement at that bullish entrenchment level.
As explained in prior analyses, "TG-Lo" and "TG-Hi" refer to these price level of LOW probability, but IF and once reached, tend to defined bottom/top reversal levels.
OVERALL:
Bias remains bearish, hence the directional ticker left as "Short". Do the due (diligence) on your own. Plan your trade and trade your plan. This is all a narrow-minded analysis based on a proprietary predictive model, compared with known technical tools and methodologies, so that the rationale remains pertinent and evident to the EW and pattern traders. However, the targets are derived off of non-price events and defined in the chart independent of known technical methodologies. So again, do your own due diligence, and trade according to what makes sense to you.
I will keep this chart live and the commentaries pertinent to any technical development. I might interject with some finer granular timeframes, such as Daily and H4, as well as tightly correlated Forex pairs and other commodities.
Feel free to chime in. Objections and comments are welcome, especially with pertinent and development analyses.
Cheers,
David Alcindor
Predictive & Forecasting Analyses
Denver, Colorado
GEOMETRIES:
Here is a low-probability of a geometry-based reversal using a Wolfe Waves/Diagonal Triangle/3-Waves patterns. The pattern I would credit most here is a Wolfe Waves pattern at a 2-4 Line projection off of Point-3, thus creating a support terminating at a signature Poin-t5-Prime, or simply 5'.
A similar geometric development can be seen in Elliott Wave's Diagonal Triangle, as a simillar decline to TG-Lo would call for its signature "Throw-below".
PREDICTIVE/FORECASTING MODEL:
Model here calls for a low-probability (Red) target at:
TG-Lo = 1030.20 - 13 JUL 2014.
This would line up with the aforementioned geometries, and ultimately offer a support where bullish entrenchment is supported.
IF and ONCE this level is reached, I would expect a Fib-paced reactive retracement on the back of a relief rally following a significant embattlement at that bullish entrenchment level.
As explained in prior analyses, "TG-Lo" and "TG-Hi" refer to these price level of LOW probability, but IF and once reached, tend to defined bottom/top reversal levels.
OVERALL:
Bias remains bearish, hence the directional ticker left as "Short". Do the due (diligence) on your own. Plan your trade and trade your plan. This is all a narrow-minded analysis based on a proprietary predictive model, compared with known technical tools and methodologies, so that the rationale remains pertinent and evident to the EW and pattern traders. However, the targets are derived off of non-price events and defined in the chart independent of known technical methodologies. So again, do your own due diligence, and trade according to what makes sense to you.
I will keep this chart live and the commentaries pertinent to any technical development. I might interject with some finer granular timeframes, such as Daily and H4, as well as tightly correlated Forex pairs and other commodities.
Feel free to chime in. Objections and comments are welcome, especially with pertinent and development analyses.
Cheers,
David Alcindor
Predictive & Forecasting Analyses
Denver, Colorado
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