Traders,
As forecast on TradingView.com and signaled on my Twitter feed (alias: 4xForecaster), following is the link to the predictive analysis and forecasting:
- tradingview.com/v/w1qwjPSf/
In that analysis, I reviewed basic Elliott Waves and Wolfe Waves patterns, and how their synergistic interplay build a basis to rationalize a bearish entry. The targets released at the time were:
1 - TG-1 = 1.01173;
and
2 - TG-Lo = 1.00892
The data suggested a SL at structure HIGH = 1.01919
The Reward-to-Risk Ratio ("RRR") was defined and remains as 12:1 - So far, 68.8 pips was the max incursion recorded as price hit TG-1. At this point, a relief rally is expected to occur, but further decline remains the favored directional bias.
OVERALL:
As indicated in the chart and prior analysis, the sequence sought is TG-1, followed by TG-Lo, and finally a reversal to TG-Hi. A continuation of a decline past TG-Lo should annul any rallying aspiration towards TG-Hi.
More on this trade development as it occurs. Feel free to follow my on TradingView.com (under 4xForecaster) as well as on Twitter (under 4xForecaster).
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-------------------------------
Twitter signals: @4xForecasting
Archives of signals: bit.ly/16JMnH8
-------------------------------
As forecast on TradingView.com and signaled on my Twitter feed (alias: 4xForecaster), following is the link to the predictive analysis and forecasting:
- tradingview.com/v/w1qwjPSf/
In that analysis, I reviewed basic Elliott Waves and Wolfe Waves patterns, and how their synergistic interplay build a basis to rationalize a bearish entry. The targets released at the time were:
1 - TG-1 = 1.01173;
and
2 - TG-Lo = 1.00892
The data suggested a SL at structure HIGH = 1.01919
The Reward-to-Risk Ratio ("RRR") was defined and remains as 12:1 - So far, 68.8 pips was the max incursion recorded as price hit TG-1. At this point, a relief rally is expected to occur, but further decline remains the favored directional bias.
OVERALL:
As indicated in the chart and prior analysis, the sequence sought is TG-1, followed by TG-Lo, and finally a reversal to TG-Hi. A continuation of a decline past TG-Lo should annul any rallying aspiration towards TG-Hi.
More on this trade development as it occurs. Feel free to follow my on TradingView.com (under 4xForecaster) as well as on Twitter (under 4xForecaster).
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-------------------------------
Twitter signals: @4xForecasting
Archives of signals: bit.ly/16JMnH8
-------------------------------
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.