4xForecaster

4xForecaster

Traders, PREDICTIVE/FORECASTING MODEL DEFINES SUPPORT: Predictive/forecasting model signaled further decline towards a structural lower-low, relative to a nadir carved out at 163.165 on February 04th, 2014. Model also defined a support as: - TG-Lo = 161.808 - 21 OCT 2014 Considering the larger timeframe, a retracement to higher-highs might occur in the...

4xForecaster

Traders, ELLIOTT WAVE COUNT: A L/T look at $XAG suggest a protracted bearish correction in the shape of an Elliott Wave Leading Diagonal, based on: 1 - A deep correction from a 49.780 high reached on April 25th, 2011. and 2 - Internal alternations of 5-3-5-3-5 waves, identifying the overall pattern as an EW's Leading Diagonal. PREDICTIVE/FORECASTING...

4xForecaster

Friends, The $USDJPY posted a series of triangular geometries whose Fibonacci relationship remains significant (see DAILY chart). Just as importantly, a finaer granular analysis of internal geometries would also suggest that added upside remains probable as of this market close (10 OCT 2014): Following is a cut/paste discussion held from a recent $USDJPY...

4xForecaster

Friends, Lots of talk at the moment regarding the uncoupling of geo-political events that would have pushed price of oil further up, in contrast to the current sustained decline in price seen in both US domestic and Brent crude oils. Over-production, increased reserves, or political manipulation ... There is a taste for everyone seeking an explanation. OIL...

4xForecaster

Friends, There is a Wolfe Waves ("WW") pattern that just completed at its 5-prime (5') position in the 60-minunte chart - Despite the significant decline from Point-2 of this pattern, the predictive/forecasting model remains BULLISH. WOLFE WAVES-BASED TARGET: As this pattern develop, and if indeed there was ever a solid base to be had at Point-5', then I...

4xForecaster

Friends, Last September 12th, a series of bullish targets were defined as follows: 1 - TG-1 = 32.97 - 12 SEP 2014 2 - TG-2 = 37.76 - 12 SEP 2014 3 - TG-Hi = 41.23 - 12 SEP 2014 and 4 - TG-x = 52.76 - 12 SEP 2014. (Source: See "$Gold Could Still Brush $Dust Off Bulls, Flat Out | #elliottwave - Link: ). At the time, the market was heavily favoring bears,...

4xForecaster

Traders, PRICE ROLLS OFF OF WOLFE WAVES COMPLETION: As forecast, price rolled shortly after hitting the qualitative target @ 109.786, defined last September 12th. As per its nature, this "Qual-Target" defines price reversals or retracements greater than the significant 0.618 Fibonacci reversal value. This significant decline occurred at the Point-5 position of...

4xForecaster

Traders, As we anticipated a 1-4 Line validation following the completion of the Wolfe Waves pattern above, price did fall as expected, but fell below the qualitative target at TG-Lo = 1.28377 - 05 SEP 2014. As we turned to the model for its "Worst-Case Scenario" (i.e.: the outer most bearish value considered), TG-x = 1.26696 - 13 SEP 2014 was defined as such...

4xForecaster

Friends, $AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim. However, at this point, price has returned to the upper half of its bar after hitting TG-1. A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a...

4xForecaster

Friends, SECONDARY TARGET HIT: $NZD moved straight to TG-2 = 0.7866 - 10 SEP 2014 after hitting primary target TG-1 at market close. This occurred against a low-probability qualitative target, namely TG-Hi = 0.84838 - 10 SEP 2014, which set the expectation of a price reversal from that level. Instead, a quantitative-target was hit one after the other,...

4xForecaster

Friends, Predictive/Forecasting Model indicated a probable limited retracement to: - TG-Hi = 0.90287 - 24 SEP 2014 If and once reached, lower targets would come next per same Model, namely: 1 - TG-1 = 0.87038 - 24 SEP 2014 and 2 - TG-Lo = 0.85516 - 24 SEP 2014. At the point, wave count remains probable at points 1 and 2. A reversal at current level...

4xForecaster

Traders, Price finally broke below the 1-2-3-4-5 internals, indicative of a EAGLE completion and origination of an Elliott Wave's ("EW") 1st Wave of a larger nascent pattern. Current prolongation appears to be an EW Wave-3, with an uncertain end-point, except for a potential retracement level from: - TG-1 = 98.148 - 22 SEP 2014. This retracement would be...

4xForecaster

Friends, As indicated yesterday (see here: ), I added a new feature in the predictive analysis and forecasting, which provides a "line in the sand" where bulls and bears are likely to take over, if and once price surpasses it. The condition here is one that I would define as a "BACA" (A term soe other trader came up with in a Facebook Forex discussion group,...

4xForecaster

Friends, INTERMEDIATE GEOMETRY COMPLETES: As we looked at different perspectives during the coiling geometry, which we proposed to belong to the Elliott Wave's Running Flat breed, we looked into the internal geometry of this Flat to determine a maximal level at which price would likely reverse and complete that time-consuming Flat pattern. Turns out that...

4xForecaster

Friends, TARGET GOT HIT DEAD-ON; WOLFE AWAITS VALIDATION: Overnight, price fell further hitting the Qual-Target dead-on at the tip of its bar, and then receding back into the overhead geometry. However, the dominant geometry in the field remains an unanswered Wolfe Waves ("WW"), with its 1-4 Profit Line extending its arm, waiting for validation - Whether...

4xForecaster

Friends, Predictive/Forecasting model remains bearish. Market for Bitcoin/Bitfinex has been weighed down, although some might perceive this as being a mere correction, bound into a sideways pattern - While this remains true as a matter of observation, intrinsic directional biases have favored bears for the time being - In fact, it has pushed price towards a...

4xForecaster

Friends, As discussed over the recently days, price was preparing a rally given a parameter - Lower values threatened to signal a trend reversal, however, Wolfe Waves Pattern stole the show here. In the earlier analysis, there were concerns about a possible down-trend reversal had price maintained its course. Yesterday, I mentioned: "I personally do NOT like...

4xForecaster

Friends, A nice example of an Elliott Wave pattern completion, called a RUNNING Flat, with 3-3-5 internal wave structure, and Wave-B ending significantly past the origin of Wave-A, whereas Wave-C fails to line up with termination level of Wave-A, indicative of a "hurrying" market in resumption of a the trend, here: DOWN. Target is purely geometric, based on a...