$AUD vs $NZD Completes Geo; Eyes 1.07583 $USD #RBA #RBNZ #forex
Ready for this NEW one?
We are adding another long-term chart to the collection of "Adv. Market Geo" lessons, looking in the eyes of a DAILY chart. The particular importance of this one is that the DAILY bar has not completed its daily consumption, and that although it has penetrated the 1-3 Line, ONLY a new bar can trigger any consideration for a LONG position. I would even add to be clear, that ONLY a long position should be entertained IF and ONLY IF the current bar closes above the 1-3 Line.
Now, as you may recall, we are adhering quite strictly to the "Off-Set Rule", which states that:
1 - Reversal from Point-5 should trigger a target along the geo's 1-4 Line
2 - Reversal from Point-5-prime (5') should trigger a target at level of Point-4
and
3 - Reversal frm Point-5-second (5'') should trigger a target at level of Point-3.
First, remember that the Points 5, 5' and 5'' and their corresponding targets refer to all points pertaining to the SAME geo. Here, we are dealing with the interplay of TWO geos, one potentiating the other - To be clear, I will refer to large or small geo.
Best,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
We are adding another long-term chart to the collection of "Adv. Market Geo" lessons, looking in the eyes of a DAILY chart. The particular importance of this one is that the DAILY bar has not completed its daily consumption, and that although it has penetrated the 1-3 Line, ONLY a new bar can trigger any consideration for a LONG position. I would even add to be clear, that ONLY a long position should be entertained IF and ONLY IF the current bar closes above the 1-3 Line.
Now, as you may recall, we are adhering quite strictly to the "Off-Set Rule", which states that:
1 - Reversal from Point-5 should trigger a target along the geo's 1-4 Line
2 - Reversal from Point-5-prime (5') should trigger a target at level of Point-4
and
3 - Reversal frm Point-5-second (5'') should trigger a target at level of Point-3.
First, remember that the Points 5, 5' and 5'' and their corresponding targets refer to all points pertaining to the SAME geo. Here, we are dealing with the interplay of TWO geos, one potentiating the other - To be clear, I will refer to large or small geo.
Best,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.