Visual support for upcoming synopsis - David Alcindor | 4xQuad
Friends, All this time, we reviewed a concept of channel interplay, and were able to share a bit of our mindset regarding trend determination (bearish vs. bullish momental channel), strength of trend (upper vs. lower tier of momental channel), and forecasting potential reversal areas (seeking intersection of channels at major channel top/bottom crossings). Now,...
Friends, As we continue to follow this trade, here is a little reminder. At first, we look at the conflict between bullish and bearish channels, and defined simple ways to define the "winning" side of things, as well as defining the strength of the current trend. We then defined a potential level of support using the winning channel intrinsic lines and...
Friends, Just to expand and bend your mind a little bit deeper into occult market geometries, Here are a couple of definitions we have established as a result of our hidden market geometry studies: MOMENTAL LINES: Long-lived lines that maintain relevance and authority over price throughout M5, M15, H4, Daily timeframes ... Note that these lines have a slope,...
Friends, Earlier, we looked at the interplay of bearish and bullish channels. Once it became evident that price was abandoning its bearish channel by simply breaking out from its upper border, all eyes turned to this bullish channel. Note that the smaller bearish lines keep price going at the some momentum as it did when it commanded a conversion of price...
Friends, We just reviewed and made a case for a AUDUSD pullback. Price did meet the upper channel in the larger timeframe, but as we continue to fine tune the trade, we decided to look at what is going on at the "microscopic" level of the M5 world. What we saw was a protracted consolidation period at the level where we called for a potential reversal as we...
Friends, Here is one pattern worth adding in your armamentarium, called the "Kiss of Death, or "KoD" for short. KISS OF DEATH ANATOMY: First let's define a few things. The KoD is a counter-trend pattern. Meaning that as price moves in one direction, a set of condition comes into alignment to contradict this on-going trend, and instead would allow the trader to...
03 FEB - CHANNEL INTERPLAY: Just a probability price action given a new structure low and typical channel retesting anticipation from support failure to under-belly testing prior to decline.
SIGNAL RATIONALE: Market converted to bearish strength DIRECTIONAL BIAS: Neutral to Bearish PENDING EVENT: Bearish market reversal confirmation will convert "Neutral" to "Short" TARGET: TG-1 = 2.999 PATTERN(S): Shark > 5-0 > Great White Chart describes one price action among an infinite possibilities. 4xQuad draws the pathway to highlight potential areas of...
XLF (SPDR): TG-Low = 11.79 - 01 FEB 2014 - Great White 4xQuad
Friends, We defined that target-low at 98.93 back in November 12th, and it's still going. If you followed us from our humble Facebook page, you will recall that we have been charting UKOil for sometimes now. In fact, back in November 12th, 2013, we even projected a bearish target at TG-1 = 98.93. We raised eyebrows and lowered praise levels when we released that...
Friends, In its overall aspect, this BTCUSD (Bitstamp) chart is predominantly bearish. It earned an upgrade from "Bearish" to "Neutral" when we looked at internal strength and other complicit BTCUSD exchanges (BTC-e and MtGox), where the underlying strength favors a bullish outlook (Here is one update we just finished in BTCUSD-Gox: ). While this chart...
Friends, As described yesterday in our "Jab, Jab, Upper-Cut ... Knock-Out?" comment (see it here: ), Google was quick to bully through our upper target following a bearish signal release on the preceding day. However, despite a significant rally into new structure highs, our analysis has remained bearish. What we are waiting for at this point is a bearish...
Friends, Yesterday, in the midst of a predominant total market reversal (see our bearish outlook and forecasts for GOOG, MSFT, AAPL stocks, as well as for SPY index and USO commodity), AAPL came through as a contrarian to deliver a bullish signal. This stark contradiction made us look into it closer (See our "Facing Time To Fold?" original chart and commentary...
Friends, Yesterday, our screening brought up a bearish market reversal confirmation for Microsoft (See: "Is Micro Soft?" analysis here ). So we decided to further the analysis and generate forecasts. Our predictive analysis generated a bearish outlook for the software giant and produced three distinct bearish targets at a primary target, TG-1 = 33.28, a...
Friends, Last Saturday, we offered two opposite targets, one bullish, and the other bearish, suggesting that LTCUSD first rise to hit our 23.357 bullish target, then would be declining. We are glad to say that it did just that, by first hitting the bullish target dead on (See the trade here using TradingView.com replay feature: ). Immediately after that...
Friends, Since the chart's analysis and forecast two days ago, not much has changed. Price has remains stagnant around our released signal level. However, we do expect a reactive rallying at this time, calling for the definition of a few significant overhead resistance levels. First, level of resistance is purely structural and would allow the market to close...
Friends, USOil has behaved closed to our original forecast, remaining close to the price level of our original predictive analysis without much adverse excursion. And yet, the bearish market reversal confirmation signal has rung clearer and louder, so targets will remain as bearish as they ever were at the onset of the chart inception. OVERALL: No change in...