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Brittle Brit Bulls Bend To Bears | $BTC $USD #forex 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 potential Elliott Wave Ending Diagonal ("ED") versus Bill Wolfe's Wolfe Waves pattern ("WW"). Either of these patterns have a signature "under-throw" potential which is capable to bring a terminal 5th wave (GREY colored, as it remains pending) down to the depths defined by the predictive model. As you may recall, the numerical targets (i.e.: TG-1, TG-2, ... TG-n) represent high-probable levels defining future R/S or pivot levels, whereas the nominal targets (i.e.: TG-Hi, TG-Lo, and there associated extremes: TG-Lox and TG-Hix) are low-probability attainment level which very high probability reversal (i.e.: retracement greater than 0.618-Fibonacci values). Note that the Wolfe Wave will seek validation of Point-5 along the 1-3 Line, but that its most common morphology will strain price to levels beyond this 1-3 Line, seeking validation of the 2-4 Line which has been copied and transposed off of Point-3 (Dashed BLUE Line). IF and ONCE this dashed line is hit, a reversal towards a minimal pf Point-4 level would then be sought. Higher levels are also targets, which would be best defined by the extension of the 1-4 Line (Take=Profit Line), not drawn just as yet in this chart. Appreciate your readership and support. David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA ----- Twitter: @4xForecaster -----

EAGLE Trade potential 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 OVERALL: The recent bearish swing completed a bearish impulse, finalized at Point-5 as a nadir. The following development has drawn a time-consumptive correction which is likely to remain at or above the forecast 0.68893 forecast, thus defining a fronted entry (i.e.: respective of spreads) above this level. A break below Point-5 would abort this trade. The methodology applied here represents an old strategy I had called EAGLE, which offers a VERY LOW risk versus a HIGH REWARD potential. As defined therein, the RR = 21:1 Please, note that I already enter a LONG position @ 0.69382 Cheers, David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA ----- Twitter: @4xForecaster -----

Do we have a Wolfe Waves Pattern forming on the Daily chart??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 3-5' line (currently the dashed blue lines - assumed). The dashed green 1-4 line is also assumed as we need that fourth point to complete the convergent lines and see a declining wedge. Time will tell my friends. If you have any advice, comments or amazing abilities (looking at you 4xForecaster) please chime in.