$NZD vs $CAD: Proximal, Then Abysmal Targets | #RBNZ #BOC #forex
Background geometry completed at Point-5 but posted an ectopic Point-5 as Point-5-prime (5'). As this adverse geometric excursion resolved, price continued to decline first via a complex series of corrective coiling, and of late into a sustained impulse.
The geometry is illustrating two distinct geomtric targets via its 1-4 Line. A rudimentary one is defined at the conventional Wolfe Wave manner, by simply passing through points 1 and 4.
However, a discreet one is defined by the "Geo Anchor" methodology, and lies more distal to the conventional Wolfe Wave method.
In the examples provided in the past, I have tended to define the "Geo Anchor" based target line as a more proximal element relative to Point-5, but in this less probable display, the reasoning is simply conditioned by the definition of two other targets (see below). Hence, based on this bias along, I have decided to ascribe two distinct potential dynamic targets: A conventional one as would probably be defined by the Wolfe Wave method, and a second one, based on the aforementioned "Geo Anchor" method, whose point is highlighted in the chart as the green asterix.
As per the "Off-Set Rule", one should expect a significant support at the price level corresponding to the geometric Point-4, with an associated range (probable bullish entrenchment) defined by the two following values:
1 - 0.91734
and
2 - 0.91469.
However, the independent Predictive/Forecasting Model is eyeing more abysmal targets.Predictive/Forecasting Model produced the following two qualitative targets:
1 - TG-Lo = 0.90260 - 23 APR 2015
and
2 - TG-Lox = 0.87857 - 23 APR 2015
Best,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
The geometry is illustrating two distinct geomtric targets via its 1-4 Line. A rudimentary one is defined at the conventional Wolfe Wave manner, by simply passing through points 1 and 4.
However, a discreet one is defined by the "Geo Anchor" methodology, and lies more distal to the conventional Wolfe Wave method.
In the examples provided in the past, I have tended to define the "Geo Anchor" based target line as a more proximal element relative to Point-5, but in this less probable display, the reasoning is simply conditioned by the definition of two other targets (see below). Hence, based on this bias along, I have decided to ascribe two distinct potential dynamic targets: A conventional one as would probably be defined by the Wolfe Wave method, and a second one, based on the aforementioned "Geo Anchor" method, whose point is highlighted in the chart as the green asterix.
As per the "Off-Set Rule", one should expect a significant support at the price level corresponding to the geometric Point-4, with an associated range (probable bullish entrenchment) defined by the two following values:
1 - 0.91734
and
2 - 0.91469.
However, the independent Predictive/Forecasting Model is eyeing more abysmal targets.Predictive/Forecasting Model produced the following two qualitative targets:
1 - TG-Lo = 0.90260 - 23 APR 2015
and
2 - TG-Lox = 0.87857 - 23 APR 2015
Best,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.