$EUR Hit Worst-Case Scenario Target; Expect Recoil | #forex $USD
Traders,
As we anticipated a 1-4 Line validation following the completion of the Wolfe Waves pattern above, price did fall as expected, but fell below the qualitative target at TG-Lo = 1.28377 - 05 SEP 2014. As we turned to the model for its "Worst-Case Scenario" (i.e.: the outer most bearish value considered), TG-x = 1.26696 - 13 SEP 2014 was defined as such abysmal target.
At this point, same model expect a significant retracement. Consider "1.33307 - 13 SEP 2014" as a possible target, which is an approximation of a Scott Carney's 5-0 pattern completion level.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter: @4xForecaster
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As we anticipated a 1-4 Line validation following the completion of the Wolfe Waves pattern above, price did fall as expected, but fell below the qualitative target at TG-Lo = 1.28377 - 05 SEP 2014. As we turned to the model for its "Worst-Case Scenario" (i.e.: the outer most bearish value considered), TG-x = 1.26696 - 13 SEP 2014 was defined as such abysmal target.
At this point, same model expect a significant retracement. Consider "1.33307 - 13 SEP 2014" as a possible target, which is an approximation of a Scott Carney's 5-0 pattern completion level.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-------------
Twitter: @4xForecaster
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