$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 (www.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 (www.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: www.TradingView.com/u/4xforecaster
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.
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 (www.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 (www.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: www.TradingView.com/u/4xforecaster
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.
No change in daily forecast ... Price remains intent on bullish TG-1 = 8.9109 target, defined last October, 01st 2015:
David Alcindor