Here is a Daily view and trade of EURNZD. I currently have targets defined at 1.46653 and 1.42175, which comes close to the AB=CD completion in this Wolfe Wave. Geo's Off-Set Rule #2 suggests 1.69306 as the highest probability target (if 5' is hit). The Wolfe Wave considers the 1-4 line as the highest probability target.
I typically look for an ab=cd completion between points 1-2, 2-3, 3-4, and 2-3=4-5(5'). This proves not to be the case here. Bill Wolfe actually mentions that the Wolfe Wave does not have symmetries within its points. Whereas David Alcindor's Geo' does. This is a case where I am using a hybrid system between the Wolfe and the Geo' to define the highest probablity targets.
This system can help you visualize where price might end up before reversing even though it is not a typical form of TA for the WW or the Geo'.
Overall, I expect a further decline in this pair before any up move. Look for 1.46653 as your highest probability target and 1.42175 as the second highest probability target before any upward momentum sets in.
Best, Chartistry
코멘트
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UPDATE: Target of 1.46653 hit. Expecting a small reaction here and a final descent to 1.42175 between the dates of 3/5/17-3/10/2017
Very clever how You have defined that AB=CD and then your target area as per the Discovery of David Alcindor's discovery of His patterns the Euclid and the Janus that is within 50 pips of the Target Lo , this is now so exciting to me as the light bulb has just kicked in , thank you for accepting me to follow you and for our chart discussions .
I_see_BTC
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Pretty clear reaction at 1.46653
GWaves
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@I_see_BTC, Great eye! The targets will often give a strong reaction. However, the model has not given me a reversal signal yet. So I must stay true to the model. As of right now, it is saying that there is more room for lower lows. Once I get a different signal I will be sure to update this thread.