$USD v $ZAR - Potential Reversal At 13.91 - #rand #forex $USDZAR

QUICK ANALYSIS:

1 - Internal reciprocal ab = cd symmetry points to 12.9022:

2 - Nascent Geo:

3 - Elliott Wave Contracting Triangle:

4 - Predictive Analysis & Forecasting Model defines the following bearish targets:
-- TG-1 = 12.94603 - 16 SEP 2015
-- TG-Lo = 12.68373 - 16 SEP 2015
--TG-Lox = 12.51395 - 16 SEP 2015

Invalidation would occur if and once price broke above the price level of Point-2, corresponding to the tip-top reversal I had provided this 28st September, 28th, 2015 (see prior predictive analysis & forecasting here: bit.ly/1MXjz1m ).

5 - This is one of the many pattern for which on-going pre-publishing analyses are occurring in the discussion rooms I have created. Feel free to follow pre-publishing analyses on Forex, stocks, indices and commodities.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Comment:

02 NOV 2015 - Chart Update / Tech-Note:

Price continues to decline from forecast target; Bearish targets remain intact and in force:

David Alcindor

Comment:

07 NOV 2015 - Chart Update / Tech-Note:

The foreground's Predictive/Forecasting Model's targets remain intact and in force. However, the background geometry will need to be re-evaluated - I will wait for price to complete the current bullish motive wave and see whether a correction is developing. This would likely be the development of a the anticipated reversal:

David Alcindor