4xForecaster

4xForecaster

Friends, A quick note here to mention that our second target "TG-Hi = 1.38997 - 15 FEB 14" got hit as of this market closing day, and this following yesterday's first target "TG-1 = 1.38632 - 15 FEB 14" hit at prior candle. While our system indicates growing internal weakening, nothing yet has come out to indicate imminent reversal. Hence, the directional bias...

4xForecaster

Friends A quick note here on a pattern vs. system conflict, where a Bullish Bat is eyeing 1.0543/1.05441 as a standard PRZ, versus a 105260 target generated through our system - caveat here is that our target is based on an EARLY bearish market reversal signal, which has YET to be confirmed. Overall, pattern and system agree on a high probability target, with a...

4xForecaster

Friends, Just a quite word here on this major, to mention first how our predictive and forecasting strategic system was able to define a reversal (market at the time was expectedly bearish due to geopolitical development), and direction to the upside, as well as a series of targets, the first of which just got hit a moment ago. At this point, there is nothing...

4xForecaster

Friends, Price action in the AUDUSD has drawn out a potential Wolfe Waves pattern completion at Point-5, which by definition would represent a counter-trend level of engagement, as the Wolfe Waves pattern trader would take entry and seek price falling back and touch the 1-4 Target Line. While this pattern may be elusive, and price may not necessarily submit to...

4xForecaster

Friends, Recently, we signaled a bullish reversal confirmation and defined TWO bullish targets that would require a break above a multi-year overhead trendline, namely: 1 - TG-1 = 1.38632 - 15 FEB 2014 and 2 - TG-High = 1.38997 - 15 FEB 2014. Here is a quick source reference to the original anlyses: 1 - Both of these targets were per this analysis: - 2...

4xForecaster

Friends, Short term Yen looks to have topped at 102.277 (potential max = 102.416), leading to a probable 50% retracement into a 101.735 support. However, this short-term reversal still keeps this chart in a bullish directional bias. However, conflict in the long-term (Bullish) and intermediate (bearish) trends offer a net bullish dominant trend, and the...

4xForecaster

Friends, Oil has been in the spotlight of late, and further geopolitical game developments are sure to give it further lift. Question is how far, how high? Our predictive analysis and forecasting system suggests a potential (shallow) retracement as price maintains a pace that promises higher highs. In the short term, a support exists at the 101.47/101.93 range,...

4xForecaster

Traders, A quick Tech-Note here on the BTCUSD (Bitstamp) to suggest a potential 50% retracement as the crypto continues to build its strength back up. A rough estimation here sees a 50% retracement potential based on a 5-0 pattern completion, thus projecting a support near 554.65. While an early market reversal signal did occur, we are still in wait of a...

4xForecaster

Friends, On February 06th, we signaled a Bullish Reversal confirmation and forecast one additional high target, namely "TG-High = 1234.15 - 06 FEB 2014", atop a prior target defined in January as "TG-High = 1197.97 - 30 JAN 2014" - See that forecast and use the replay option here: If you look closely at the chart, a single flat candle occurred on 09 FEB (see...

4xForecaster

Friends, Ever since our targets on January 30th and a warning against an interim rallying capped by the EAGLE's range, price action remained faithful to that presumed scenario in which I introduced the Wolfe Waves Pattern ("WW") and its 1-4 Line acting as an eventual backstop to a rising price. As of today (03 MAR 2014), not only price action did remain tight...

4xForecaster

Friends, So, it takes a declaration of war to turn the populace's back to Bitcoin and cause it to rally quite forcefully. At this point, our prop strat system has posted an early bullish reversal signal, pending confirmation of market reversal to the topside. Nonetheless, we decided to take a step back and make use of our momental lines. To be clear, while the...

4xForecaster

Friends, Reintroducing the Wolfe Waves, we thought that a geo-political context might be of added interest here, considering the reactive pressure put on commodities in the context of the Ukraine/Russian development. WOLFE WAVES PATTERN - Defining The "Simple" (i.e.: non-prime) Version: The Wolfe Waves Pattern (or "Wolfe Patter" for short) was named by Bill...

4xForecaster

Friends, It's been quite some time since we reviewed that chart, and Sunday being housekeeping day in my chart library, I decided to take a look. At the time (10 OCT 2013), we stood at the completion of a bullish Kiss of Death pattern, thus expecting price to rise. In fact, from that level, we also offered a predictive analysis and forecast that projected a...

4xForecaster

Friends, On January 10th, we offered a bearish target in the USDollar Index using an advanced pattern called "Wolve Waves Pattern", named after its discovered, Bill Wolfe - See the bearish target being hit quite precisely, and the rallying that ensued here: - Now, we continue our study of the USD, we are turning to a 3x bullish PowerShares ETF, namely: UUP....

4xForecaster

Friends, This past December 2013, we forecast the following targets: 1 - 15 DEC 2013 BTCUSD (MtGox): TG-1 = 270.61 at a time when price was about $954.00 - See chart and replay the price action by clicking several times over the right arrow in the chart: - 2 - 13 DEC 2013: BTCGBP (MtGox): TG-1 = 170.89 at a time when price was about $561.00 - Here too, see...

4xForecaster

Friends, This past February, we offered our predictive analysis which was calling for a renewed rallying at a time when a major reversal was already being considered. In addition to this directional signal, we also offered two distinct targets, namely: 1 - "TG-1 = 38632 - 15 FEB 2014", colored orange indicating moderate probability and 2 - "TG-High = 1.38997 -...

4xForecaster

Friends, Last January 30th, we defined a few bearish targets during a rather long technical rant explaining our cautious bearish-toned analysis (See: Is Micro Soft? ... here: ). Therein, we warned against a few overhead resistance level, one of which was defined as "EAGLE", representing an (E)xtremely (AG)gressive (L)evel of (E)ntry opportunity for the...

4xForecaster

Friends, While we remain bearish on the long-term prospect of gold, our analysis indicates a probable rallying in the short term. Our predictive analysis has already posted a bullish market reversal confirmation, and the recent leg up has confirmed that early directional forecast. At this point, our predictive system is indicating a probable rallying preparing...