Friends,
Here is yet another completion of a Wolfe Wave geometry as price carves an incremental higher-high. It appears that the Wolfe Wave is weaved by most of the
USD pairs, suggesting that the USD is dominating the recent price action.
As with the recentUSD pairs posted, in this case we are also expecting a probable bullish reaction in the US Dollar. Whether this occurs at the current price locum or at a 5-prime position, the vicinity of Point-4 is likely to reveal bullish forces keeping price above 1-4 Line, and likely above Point-2 of the geometry. A breach below these levels would require a revision of this and other USD-related analyses.
Look at the recent
EURUSD analyses I have shared for a long-term bullish outlook in the 
EUR, as remains the case in this Forex leader.
OVERALL, the nascent geometry offers high-probability ranges within which price is likely to react with some degree of consistency. In this case, a Wolfe Wave has matured to the point of readying a counter-trend, back towards the 1-4 Line. Any adverse excursion above current levels will be dealt with using rules of the Geo, but expect the level of Point-4 to be re-visited in the most immediate term.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
LinkedIn:
David Alcindor
-----
.
Here is yet another completion of a Wolfe Wave geometry as price carves an incremental higher-high. It appears that the Wolfe Wave is weaved by most of the
USD pairs, suggesting that the USD is dominating the recent price action. As with the recent
USD pairs posted, in this case we are also expecting a probable bullish reaction in the US Dollar. Whether this occurs at the current price locum or at a 5-prime position, the vicinity of Point-4 is likely to reveal bullish forces keeping price above 1-4 Line, and likely above Point-2 of the geometry. A breach below these levels would require a revision of this and other USD-related analyses.Look at the recent
EURUSD analyses I have shared for a long-term bullish outlook in the EUR, as remains the case in this Forex leader.OVERALL, the nascent geometry offers high-probability ranges within which price is likely to react with some degree of consistency. In this case, a Wolfe Wave has matured to the point of readying a counter-trend, back towards the 1-4 Line. Any adverse excursion above current levels will be dealt with using rules of the Geo, but expect the level of Point-4 to be re-visited in the most immediate term.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
LinkedIn:
David Alcindor
-----
.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.