Several Geometries Point To Rally | $EUR $AUD #ECB #RBA
Friends,
This will remain a very short post. If you recall, last year, i released a long-term bearish signal, defining one numerical target and one nominal target (see today's dated technical note on "Predictive/Forecasting Model - Definition" in this thread:
for more on the significance of these distinct targets).
This DAILY chart shows older targets, as well as a new completed geometry at Point-5, which represents a solid floor.
Internal to that geometry, there are two dotted lines, each representing a projected connection between Points 1 and 4 (in the larger geometry), as well as a similar 1-4 Line projection off of an ipsi-directional pattern not shown at this scale that exists at the H4 level.
There is yet another same pattern at the H1, which is also not shown, but that would justify an interim decline to the approximate price level shown by the dashed orange arrow.
I would simply let the smaller, internal geometries complete for the time being.
Although the frame by frame updates will continue to be posted on this thread, I will add more technical comments on this:
, where several other charts are being discussed around "Advanced Financial Markets Geometries" topics.
Stay tuned,
David Alcindor
This will remain a very short post. If you recall, last year, i released a long-term bearish signal, defining one numerical target and one nominal target (see today's dated technical note on "Predictive/Forecasting Model - Definition" in this thread:
This DAILY chart shows older targets, as well as a new completed geometry at Point-5, which represents a solid floor.
Internal to that geometry, there are two dotted lines, each representing a projected connection between Points 1 and 4 (in the larger geometry), as well as a similar 1-4 Line projection off of an ipsi-directional pattern not shown at this scale that exists at the H4 level.
There is yet another same pattern at the H1, which is also not shown, but that would justify an interim decline to the approximate price level shown by the dashed orange arrow.
I would simply let the smaller, internal geometries complete for the time being.
Although the frame by frame updates will continue to be posted on this thread, I will add more technical comments on this:
Stay tuned,
David Alcindor
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