Here is another predictive analysis and forecasting schematic of this ES chart - Discussion on its content and development can be reviewed in the Predictive Analysis & Forecasting Room
- Link: tradingview.com/chat/
Little bragging note, but more to validate the methodology - Entered this trade at the tip-top reversal point last night, running it currently as a nice performer - See chart:
... Noticing how the hidden geometries are already calling price down to 1988.75?
How? See how the significant 0.382, 0.500 and 0.618 Fibonacci values are already validated before price even reach that 1988.75 from which these levels would have appeared, had price been at 1988.75.
David Alcindor
4xForecaster
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In this respect, TG-1 is a quantitative target that carries a HIGHER probability of getting hit, but a lesser strength of reversal.
In contrast, TG-Lo is a qualitative target that carries a LOWER probability of getting hit, but the strongest potential for reversal - This is how I got to trade the tip-top of this ES last night, and other tip-top/bottom-tip reversal points.
Cheers,
David Alcindor
4xForecaster
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TECH-NOTE:
Pattern lent itself to a short entry opportunity at 5-prime of a Wolfe Wave pattern signaled last night:
#ES - H4 Chart: Wolfe Wave Downward Course Towards Its 1-4 Profit Line:
David Alcindor
4xForecaster
⋅
04 SEP 2014 UPDATE:
50% retracement completes a 5-0 Pattern following Bullish Shark completion. This nears M5, M15 predictive model values.
Entered at arrow SHORT - See M5 Chart:
David Alcindor
4xForecaster
⋅
Tight SL required, as price could still mount an offensive up to 0.618 level in the chart, approximating original target, namely: TG-Hi = 2003.75 - 04 SEP 2014.
From Twitter:
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ESU2014: As price falls to forecast levels, floor opens to abysmal targets
tradingview.com/v/y7kXT0nU/
via @TradingView | #SP500 SPY SPX
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David Alcindor