$GBP v $JPY: Geo Pt-5' May Cap At #fibonacci Ext. | #BOE #BOJ
Friends,
PREDICTIVE/FORECASTING MODEL:
Predictive/Forecasting Model is calling for a significant reversal signal at/near the range offered by the Fibonacci extensions.
GEO vs. WOLFE WAVE SCENARIOS:
Geo's own ectopic Point-5 may be defined by further bullish excursion, albeit limited by its 3-5' Line. Based on this temporary, capped rally, the Geo's OffSet Rule would offer a HIGH probability target defined at price level corresponding to Point-4 from a short entry at 5'.
A lesser probability scenario would see price decline from Point-5 (i.e.: along the 1-3 Line) according to a Wolfe Wave completion and signal, thus finding target along the 1-4 Line.
OVERALL:
Predictive/Forecasting Model sees significant headwind against further bullish advance at the levels defined in the chart. Look for significant resistance at 1.414-FE versus 1.618-FE, whereby a stop at 1.414-FE carries a higher probability and bearish follow-through than one occurring at 1.618-FE.
If indeed either of the Geo or WW scenarios occurred, and price fell below price level of Point-4 or below 1-4 Line, respectively, a floor would open to 186.243 (Wave Reduction target).
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
PREDICTIVE/FORECASTING MODEL:
Predictive/Forecasting Model is calling for a significant reversal signal at/near the range offered by the Fibonacci extensions.
GEO vs. WOLFE WAVE SCENARIOS:
Geo's own ectopic Point-5 may be defined by further bullish excursion, albeit limited by its 3-5' Line. Based on this temporary, capped rally, the Geo's OffSet Rule would offer a HIGH probability target defined at price level corresponding to Point-4 from a short entry at 5'.
A lesser probability scenario would see price decline from Point-5 (i.e.: along the 1-3 Line) according to a Wolfe Wave completion and signal, thus finding target along the 1-4 Line.
OVERALL:
Predictive/Forecasting Model sees significant headwind against further bullish advance at the levels defined in the chart. Look for significant resistance at 1.414-FE versus 1.618-FE, whereby a stop at 1.414-FE carries a higher probability and bearish follow-through than one occurring at 1.618-FE.
If indeed either of the Geo or WW scenarios occurred, and price fell below price level of Point-4 or below 1-4 Line, respectively, a floor would open to 186.243 (Wave Reduction target).
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.