4xForecaster

4xForecaster

Friends, There are very few patterns I consider using in my trades, except some proven ones, such as the Shark, the 5-0 and my own prop patterns (Great White, Janus, Euclid, Deep Shark). However, there is yet another pattern for which I keep an eye out. It is the Elliott Wave's Diagonal Triangle, which most pattern traders would simply define as a wedge...

4xForecaster

Friends, Last March 12th, 2014, I defined the following preliminary targets: 1 - 1.11998 and 2 - 1.14694 These targets remain in force and in sight, based on a combination of technical validations, namely: PROS: 1 - A potential Elliott Wave Wave-4 completion of a diagonal triangle 2 - Added validation of a long-term channel at recent rally point 3 -...

4xForecaster

Friends, Another target hit within hours of its release. Obviously, No bearish water is putting out this bullish fire. However, as indicated at the release of this 676.67 target this morning, a reversal is probable underway (see technical commentary at the bottom of this thread here: ). At this point, and at the risk of sounding redundant to this morning's...

4xForecaster

Friends, Forecast is bearing fruit at all levels, as we are finally arriving at the pan-ultimate resistance level. 630-78 was the lowest value of a significant overhead resistance defined a month ago (see: "Houston, Do You Copy? - ). At this point, I would expect a significant consolidation interim, although looking back at the recent blazing trail, price has...

4xForecaster

Friends, On May 27th, 2014, I forecast two distinct bearish target, namely TG-1 = 93.830 and TG-2 = 93.746, using a much smaller timeframe (M5). On a pure technical standpoint, the outlook appeared bearish, as price has surged into a EW Wave-3 completion, then retraced into a symmetrical a-b-c completion of Wave-4 (see top right of chart). What followed...

4xForecaster

Friends, It is becoming more apparent than ever before that the crypto-currency has mounted a resistance to infectious nay-saying and other virulent dissemination of damning news. What has happened instead is a quieting of its price moves. While institutional news releases from both sides of the bull/bear fence had emerged on a higher frequency weeks ago, it...

4xForecaster

Friends, I ventured to read outside of my cozy Forex interest, and peeked into the US car industry and market. I was quite taken by the divergence between stock valuation and a growing sentiment of impeding collapse. Here is one interesting company that clearly blazes its own trail for the future of the car company. Question is: Can it do this without a...

4xForecaster

Friends, Predictive/forecasting model is bearish on $Gold, having defined significant R/S levels as follows: 1 - Strongest resistance within the 80.94/81.63 range 2 - Moderate support with reversal potential at 74.50 3 - Strong support with break-thru risk at 74.04 Also, model defines the following conditional targets, provided breach of 74.04: 1 - TG-1 =...

4xForecaster

Friends, Recently, the EZ fundamentals have been weighed down by Europe's second largest economy, when today France posted economic data bringing deflationary pressures to the forefront. What's worth reframing here, is that this week's significant decline in the EURUSD Forex leader occurred in spite of Germany's positive data - First question that comes to mind...

4xForecaster

Friends, Here is a short update: Since the signal announcement this yesterday, the $Yen plunged gradually, then precipitously towards the forecast TG-1 = 101.631. This signal followed a preceding bullish signal that say all three targets getting hit consecutively, before we turned to this short-term short opp. At this point, TG-1 remains in force and intact,...

4xForecaster

Hello Friends, A quick FYI comment: A few Bitcoin traders have asked that I offer predictive analysis and forecasting on a variety of exchange. I would like to remind traders who may be pondering against which source of data I should lean, that a simple relative strength chart, pitting BTCUSD/Bitstamp against BTC-e will easily demonstrate that their correlation...

4xForecaster

Friends, As indicated in recent predictive/forecasting model commentary, USD has gained strength. Applying a EW model, one might appreciate a supportive argument for the proposed bullish bias of the predictive/forecasting model. Fundamentals also suggest strengthening of the greenback against a continued dilutive monetary policy. Net outlook is BULLISH for...

4xForecaster

Friends, Looking at a finer granular level (H4), 3 patterns call for a terminal top - Worth balancing against bullish scenario - Rate decision this week is likely to remain unchanged, as per major bank consensus. As shared earlier, weekly chart calls for additional upwards mobility, whereas Daily/H4 charts are topping off. Predictive/forecasting model remains...

4xForecaster

Friends, While USD seems to gain strength, the antipod metal is looking to rally as well. Will this be a case of the Monday for Gold? Looking forwards to the week ahead. In the mean time, look what's nearing our target set late last year: - XAUXAG - Weekly chart: Cheers, David Alcindor

4xForecaster

Friends, This past April 15, 2014, I offered a relatively imminent value where the benchmark 10-Year treasuries would possibly reverse and start a new upward trajectory. In this new chart, I would like to offer mitigating views from Fibonacci values, Elliott Wave counts, and an predictive analysis, each standing in contrast to one another, and offering lower...

4xForecaster

Friends, TRADE PROFILE: Only three days ago, I took the opportunity of a long entry based on a daily chart which confirmed support near the 87.350 level. A layered analysis comprising my prop predictive analysis and forecasting favored a bull directional bias with a series of bullish targets of moderate-probability quality. Despite being a technical analyst, I...

4xForecaster

Friends, A lot of paper printing has been going on since we first released a Target-High @ 1.68923 on February 2014. This was a long call asking the position trader to hold tight, but a prop pattern justified the initial call, and back with the right predictive analysis and forecasting system, I am glad to see it attain its final destination as of today - Here...

4xForecaster

Friends, A bearish market reversal signal was emitted from my prop system, defining new bearish targets, namely: 1 - TG-1 = 116.76 - 28 APR 2014, moderate-probability and 2 - TG-Lo = 115.38 - 28 APR 2014, low-probability While this signal is offering a dominant directional bias, one should remain open to frustrating contingencies. Therefore, let us define...