$GBP v. $AUD - Geo Eyes 2.19 | #BOE #RBA #aussie #forex $AUDUSD

6 Okt 2015

Friends,

As per last week, GBPAUD reached its geometric target along the Geo's 1-3 Line - See the frame-by-frame completion of that target in the thread below, immediately following this analysis.





For now, we are concentrating on the Geo's 5-point completion at its ectopic 5-prime (5') - As explained before, this placement is important as we seek a high-probability target if and once price reverses from either Point-5, Point-5' or Point-5''.

What the Geo offers is a ranking of probability in terms of attainment if and once price reverses from these Poin-5 alternatives, such that a geometric compensation occurs as price adversely excurse beyond the 1-3 Line. This forms the basis of the Geo's Off-Set Rule, which states that:

1 - Reversal from Point-5 offers the highest probability attainment along the 1-4 Line (Wolfe Wave target) - Rule #1;

2 - Reversal from Point-5' offers the highest probability attainment at the price level corresponding to Point-4 - Rule #2;

and

3 - Reversal from Point-5'' offers the highest probability attainment at the price level corresponding to Point-3 - Rule #3.


In the chart, a reversal from 5' would thus offer the highest probability reversal at the price level corresponding to Point-4, whose range is 2.103 to 2.200.

As of this writing, a new candle formed, but the 5' validation remains pending (i.e.: price validates the 2-4 Line originating off of Point-3.


OVERALL:

Bearish outlook based on the geometric compensation that constitutes Rule #2 of the Geo's Off-Set Rule.


Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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28 Okt 2015

Catatan

27 OCT 2015 - Chart Update / Tech-Note:


Wolfe Wave completes in the vicinity of larger Geo's Point-3; WW is likely to complete its cycle seeking 1-4 Line validation:




David Alcindor