Final Reversal Target Lurks @ 2003.75 | #SP500 $SPY $SPX $USD
Friends,
As we have demonstrated over the past 1-2 days, the e-Mini S&P500 was capable to submit itself to predictive analyses and forecasting at a higher timeframe (H4) than the lower ones (M1, M5, M15) - See recent analyses/forecasts on TradingView.com's e-Mini Room here: www.tradingview.com/chat/ as well as recent forecast/analysis and technical commentaries in hits in higher timeframe and lower timeframe failures here:
.
In this case, the qualitative target "TG-Hi" was issued out of a H4 timeframe predictive/forecasting model.
Diagrammed is a recent reactive rally reflecting two scenarios:
1 - A first one, in which a smaller degree 5-wave (i, ii, iii, iv, v in pink) plays out a potential reversal congruent with inherent symmetries, as in Wave-i and Wave-v carrying same impulse length.
and
2 - A second one, in which a higher degree 5-wave (1,2,3,4, 5 in black) carries price to a structural level as would the Wave Reduction rule expect, hence offering added hinging support for a termination geometry of the Diagonal Triangle kind.
All of this is for pure "Game Theory" type of play, but it is worth keeping the options in mind, in light of a predictive/forecasting model that has provided data far more reliable than the standard use of patterns and market geometries.
As indicated before, the smaller the timeframe, the lower the model's ability to predict/forecast the underlying market. For this reason, TG-Hi is overlaid here as a reminder of its existence at a timeframe level (H4) for which the model was calibrated, and the use of theoretical geometric strategy reflects an alternative approach by default.
As a matter of comparison, I decided to enter short at 1999.50 following a peaking advance at 2000.50 in late market. That level represented a 5-0 Pattern completion linking immediately following a Bullish Shark.
Remember that the directional bias here remains heavily bearish on the account of the predictive/forecasting model, as well as a developing Bullish Wolfe Wave Pattern, as signaled and confirmed in the technical commentaries within the link provided.
Cheers,
David Alcindor
As we have demonstrated over the past 1-2 days, the e-Mini S&P500 was capable to submit itself to predictive analyses and forecasting at a higher timeframe (H4) than the lower ones (M1, M5, M15) - See recent analyses/forecasts on TradingView.com's e-Mini Room here: www.tradingview.com/chat/ as well as recent forecast/analysis and technical commentaries in hits in higher timeframe and lower timeframe failures here:
In this case, the qualitative target "TG-Hi" was issued out of a H4 timeframe predictive/forecasting model.
Diagrammed is a recent reactive rally reflecting two scenarios:
1 - A first one, in which a smaller degree 5-wave (i, ii, iii, iv, v in pink) plays out a potential reversal congruent with inherent symmetries, as in Wave-i and Wave-v carrying same impulse length.
and
2 - A second one, in which a higher degree 5-wave (1,2,3,4, 5 in black) carries price to a structural level as would the Wave Reduction rule expect, hence offering added hinging support for a termination geometry of the Diagonal Triangle kind.
All of this is for pure "Game Theory" type of play, but it is worth keeping the options in mind, in light of a predictive/forecasting model that has provided data far more reliable than the standard use of patterns and market geometries.
As indicated before, the smaller the timeframe, the lower the model's ability to predict/forecast the underlying market. For this reason, TG-Hi is overlaid here as a reminder of its existence at a timeframe level (H4) for which the model was calibrated, and the use of theoretical geometric strategy reflects an alternative approach by default.
As a matter of comparison, I decided to enter short at 1999.50 following a peaking advance at 2000.50 in late market. That level represented a 5-0 Pattern completion linking immediately following a Bullish Shark.
Remember that the directional bias here remains heavily bearish on the account of the predictive/forecasting model, as well as a developing Bullish Wolfe Wave Pattern, as signaled and confirmed in the technical commentaries within the link provided.
Cheers,
David Alcindor
