$USD v. $SEK - Geo Eyes 8.9109 | #elliottwave #fibonacci #forex
Friends,
This pair was been quite responsive to the Predictive/Forecasting Model on both large and smaller scale - Although, this there has been only two prior predictive analysis and forecasting - Following are two of these forecasts:
USDSEK - Short-Term Target ... Hit.
bit.ly/1JQPI9O
USDSEK - Mid-Term Target ... Hit.
bit.ly/1O7vuxz
FORECASTING THE HOURLY FRAME:
This time, we return to a "in-between" timeframe, having defined a target as TG-Hi = 8.9109 - 01 OCT 2015 in the hourly timeframe - This target is defined using the Predictive/Forecasting Model as an autonomous feature that I use as my foreground leader.
PREDICTIVE/FORECASTING MODE BREAKS DOWN ELLIOTT WAVE AND GEO:
What I have added to the price field are geometries, one borrowed from the Elliott Wave patterns in the form of a triangle, with internals of (A)-(B)-(C)-(D)-(E) defined at the Intermediate Degree (i.e.: wave counts defined over weeks to month) with defining convergence between lines A-C and B-D.
The other is the Geo, with its own internal requirements, such as a reciprocal ab = cd within the 1-2 Leg, complex zig-zag (typically TZ) within its 2-3 Leg, a simpler ZZ between 3-4 Leg, and convergence of 1-3 and 2-4 lines, both of same directional slope (up in this particular case).
Note that the Geo was simply born as a refinement of Mr. Bill Wolfe's Wolfe Wave (WolfeWave.com) using the Predictive/Forecasting Model as the dissecting tool. In the same manner and procedure as I have dome with the WW leading to refinements of internals and improving the precision of forecasts of reversal levels that would define the entire geometry, I am now turning to Elliott Wave's Contracting Triangle for a similar biopsy, although the waves are already well and authoritatively defined (ElliottWave.com) - There is nothing to add here, except being able to predict where whether the triangle will predictably post an overshoot, undershoot or pure alignment with the geometry's A-C line projection. It might not matter in smaller frames, but daily, weekly and monthly might cause unbearable adverse excursions.
Note that in this analysis, the Predictive/Forecasting Model eyes an OVER-shoot at TG-Hi, short of the expected 1.131-Fibonacci level which often defines that overshoot, such that:
E = 1.131 x A.
OVERALL:
Bullish outlook with possible interim decline to depths defined in dashed arrows. Target as discussed above.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
------
Twitter: 4xForecaster
LinkedIn: David Alcindor
TradingView: TradingView.com/u/4xforecaster
-----
.
This pair was been quite responsive to the Predictive/Forecasting Model on both large and smaller scale - Although, this there has been only two prior predictive analysis and forecasting - Following are two of these forecasts:
USDSEK - Short-Term Target ... Hit.bit.ly/1JQPI9O
USDSEK - Mid-Term Target ... Hit.bit.ly/1O7vuxz
FORECASTING THE HOURLY FRAME:
This time, we return to a "in-between" timeframe, having defined a target as TG-Hi = 8.9109 - 01 OCT 2015 in the hourly timeframe - This target is defined using the Predictive/Forecasting Model as an autonomous feature that I use as my foreground leader.
PREDICTIVE/FORECASTING MODE BREAKS DOWN ELLIOTT WAVE AND GEO:
What I have added to the price field are geometries, one borrowed from the Elliott Wave patterns in the form of a triangle, with internals of (A)-(B)-(C)-(D)-(E) defined at the Intermediate Degree (i.e.: wave counts defined over weeks to month) with defining convergence between lines A-C and B-D.
The other is the Geo, with its own internal requirements, such as a reciprocal ab = cd within the 1-2 Leg, complex zig-zag (typically TZ) within its 2-3 Leg, a simpler ZZ between 3-4 Leg, and convergence of 1-3 and 2-4 lines, both of same directional slope (up in this particular case).
Note that the Geo was simply born as a refinement of Mr. Bill Wolfe's Wolfe Wave (WolfeWave.com) using the Predictive/Forecasting Model as the dissecting tool. In the same manner and procedure as I have dome with the WW leading to refinements of internals and improving the precision of forecasts of reversal levels that would define the entire geometry, I am now turning to Elliott Wave's Contracting Triangle for a similar biopsy, although the waves are already well and authoritatively defined (ElliottWave.com) - There is nothing to add here, except being able to predict where whether the triangle will predictably post an overshoot, undershoot or pure alignment with the geometry's A-C line projection. It might not matter in smaller frames, but daily, weekly and monthly might cause unbearable adverse excursions.
Note that in this analysis, the Predictive/Forecasting Model eyes an OVER-shoot at TG-Hi, short of the expected 1.131-Fibonacci level which often defines that overshoot, such that:
E = 1.131 x A.
OVERALL:
Bullish outlook with possible interim decline to depths defined in dashed arrows. Target as discussed above.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
------
Twitter: 4xForecaster
LinkedIn: David Alcindor
TradingView: TradingView.com/u/4xforecaster
-----
.
Note
17 NOV 2015 - Chart Update:No change in daily forecast ... Price remains intent on bullish TG-1 = 8.9109 target, defined last October, 01st 2015:
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.