Friends,
Recently, I put out a few lessons on basic and advanced technical analysis, using simply trendlines, patterns, and delving into more complex geometries from Elliott Wave, Bill Wolfe and Scott Carney's widely known patterns.
Today, I would like to present a variance of the Wolfe Waves pattern, which some of you know as my main work-horse geometry as a secondary back-up to the predictive/forecasting model I use in my daily analyses.
PREDICTIVE/FORECASTING MODEL:
First, here are two values which the predictive/forecasting model has put out so for, representing loftier nominal targets (i.e.: low-probability attainment, but high-probability reversal, or top/bottom reversals, in contrast to numerical targets, which represent high-probability attainment, but low probability reversal, or future pivot levels) - These two nominal targets are:
1 - TG-Hi = 18945 - 23 JAN 2015
and
2 - TG-Hix = 21850 - 23 JAN 2015
(The remainder of the analysis will be placed in the text area, below this chart and commentary - Thank you - David Alcindor, Alias: 4xForecaster)
Recently, I put out a few lessons on basic and advanced technical analysis, using simply trendlines, patterns, and delving into more complex geometries from Elliott Wave, Bill Wolfe and Scott Carney's widely known patterns.
Today, I would like to present a variance of the Wolfe Waves pattern, which some of you know as my main work-horse geometry as a secondary back-up to the predictive/forecasting model I use in my daily analyses.
PREDICTIVE/FORECASTING MODEL:
First, here are two values which the predictive/forecasting model has put out so for, representing loftier nominal targets (i.e.: low-probability attainment, but high-probability reversal, or top/bottom reversals, in contrast to numerical targets, which represent high-probability attainment, but low probability reversal, or future pivot levels) - These two nominal targets are:
1 - TG-Hi = 18945 - 23 JAN 2015
and
2 - TG-Hix = 21850 - 23 JAN 2015
(The remainder of the analysis will be placed in the text area, below this chart and commentary - Thank you - David Alcindor, Alias: 4xForecaster)