High-Prob Decline To Wolfe 1-4 TP Line | $XAU $XAG $Gold #forex
2941
PATTERN PROFILE:
Bill Wolfe's Wolfe Waves Pattern - Completed Target = 1-4 Line ("Take-Profit" Line) Trigger = 2-4 Line R/S action/reaction SL = 1232.55
PREDICTIVE/FORECASTING MODEL: - Future R/S Levels: 1177.42 and 1165.85
- High-Prob Reversal: TG-1 = 1153.76 - 11 DEC 2014
INVALIDATION: BACA > 1232.55
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Note: Recent analysis suggested a rallying into the 1231.93-1226.34 range, which held per forecast. At this point, a background Wolve Waves completed (see pink plots: 1-2-3-4-5). The pattern's 2-4 Line acted as support until a recent breach and small rally, stomped at the line's underbelly.
Expectation here is a price compliance to background geometry, which demands further completion towads its 1-4 Line projection as dynamic support.
Static support is further defined by TG-1 = 1153.76 - 11 DEC 2014, a low-probability attainment, but high-probability reversal target.
David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.