Perhaps one more contender is found in this NZDJPY joining the ATHENA method group (see more currently developing in this linked room: tradingview.com/chat/ ).
PREDICTIVE/FORECASTING MODEL:
Model defines the following bullish targets:
1 - TG-Hi = 83.815 - 27 OCT 2015
AND
2 - TG-Hix = 85.014 - 27 OCT 2015
ATHENA:
Feel free to read what this method entails using the link above. Here, we are looking at a potential ATHENA development well on its way.
Interim retracement (not reversal) is likely to occur as of the level of this writing (circa 81.445), so not a bad break from the market for those missing the first ferry.
INVALIDATION:
All bullish targets and expectation would become invalidated if price BACA < 80.226.
Best,
David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA
- Feel free to follow more in the rooms in which pre-publishing traders are demonstrated, discussed and explained - These are development of potential analysis about to be publish, if and once they pass that inspection - These analysis cover Forex, indices, stocks, ETFs and commodities - Requests are welcome, but won't necessarily be answered first.
- All comments are for educational purpose only. If you need advice, ask a professional, licensed person. They should know.
Cheers,
David
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02 NOV 2015 - Chart Update:
David Alcindor
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19 NOV 2015 - Chart Update / Tech-Note:
Price reached and reversed from a reciprocal ab = cd symmetry while a WW/Geo emerged (black) - Note that the original geometry may continue to impose its own parallels as resistance, but I would simply turn to the WW/Geo as more stable and consistent geometries:
In any case, the Predictive/Forecasting Model bullish targets remain intact and in force ... Still, I would cast doubt on these targets if and once price breaks below the recent low, corresponding to point-d of the aforementioned ab = cd symmetry.
David Alcindor
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... ADDENDUM ... Look for significant support at the 79.742/79.609 range defined in the chart - David
hey David since price closed below 80.226 twice is your ATHENA invalided? ..and isn't that a head and shoulders formation on the 4h ?
4xForecaster
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Hello @Andrek1876 - The geometry remains intact for now.
However, you are absolutely right to ALWAYS question the integrity of a pattern, geometry, or even an entire analysis - You can never go wrong with this insight, and even better yet if you maintain a "plan-B".
Here is a "Plan-B" have have kept in mind ... Since you are thinking about a possible failure (and that is the best way of trading ... I always like to think that I am wrong, and let the Model prove me wrong that I was wrong ... Sort of a null-hypothesis, may be):