Janus Prop Pattern Awaits At 103.703 | $CAD $JPY #forex
Traders,
JANUS PROP PATTERN TIMES TWO:
This is one of those rare trades I put out that depend solely on a proprietary pattern I have named Janus. In fact, there are two of these patterns playing out on two separate timeframes.
If the pattern influence price towards their respective completion, then TG-Hi = 103.703 should be answered first, followed by TG-Lo = 97.158.
WOLFE WAVES & ELLIOTT WAVES ENDING DIAGONAL:
Highlighted in the chart in blue is the outline of Bill Wolfe's Wolfe Waves pattern. An Elliott Wave interpretation can certainly be drawn out of the geometry here as well, considering that the recent impulse can easily represent two degrees:
1 - A first, smaller one in which this triangle would complete in the way of a Wolfe Waves pattern, by simply seeking reversal off of its 1-4 Line projection (dotted line);
and
2 - A second, larger one in which price is expected to rally off of the smaller-degree triangle completion.
NOTE: TG-1 = 98.329 - 07 NOV 2014 defines the approximation of a probable support if and when price descends from its current geometric dwelling.
GHOST PATTERN UNDERWAY:
For the record, a non-price Ghost Trade pattern is also generated in support of the overall price action, in which a limited decline is anticipated, ahead of a rallying.
PREDICTIVE ANALYSIS & FORECASTING:
Here again, I have not made use of the predictive/forecasting model. I consider the model very reliable, whereas the proprietary geometries less reliable. For this reason, I would rate this trade as high-risk based on this lower probability level.
However, I was compelled to post this trade potential based on the past performance of this Janus Pattern - This is a purely academic exercise and not a trade recommendation.
INVALIDATION CONDITION:
I would consider above trading plan invalid if and once price reached TG-Lo = 97.158 before reaching TG-Hi =
103.703.
An early invalidation could be generated if and once price commits to a sustained decline below TG-1 = 98.329.
OVERALL:
Two timeframes have posted two same prop patterns, named Janus. The expectation here is to see a geometric resolution out of a complex market geometry named Wolfe Waves (author: Bill Wolfe). Typically, price tends to resume its initial trend after it validates the pattern's 1-4 Line, thus moving in the expected direction of TG-Hi, representing a large frame prop pattern completion, and potentially repulsing price towards a lower target, representing a smaller completion of the same prop pattern.
Have a fantastic week-end.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter: @4xForecaster
----------
JANUS PROP PATTERN TIMES TWO:
This is one of those rare trades I put out that depend solely on a proprietary pattern I have named Janus. In fact, there are two of these patterns playing out on two separate timeframes.
If the pattern influence price towards their respective completion, then TG-Hi = 103.703 should be answered first, followed by TG-Lo = 97.158.
WOLFE WAVES & ELLIOTT WAVES ENDING DIAGONAL:
Highlighted in the chart in blue is the outline of Bill Wolfe's Wolfe Waves pattern. An Elliott Wave interpretation can certainly be drawn out of the geometry here as well, considering that the recent impulse can easily represent two degrees:
1 - A first, smaller one in which this triangle would complete in the way of a Wolfe Waves pattern, by simply seeking reversal off of its 1-4 Line projection (dotted line);
and
2 - A second, larger one in which price is expected to rally off of the smaller-degree triangle completion.
NOTE: TG-1 = 98.329 - 07 NOV 2014 defines the approximation of a probable support if and when price descends from its current geometric dwelling.
GHOST PATTERN UNDERWAY:
For the record, a non-price Ghost Trade pattern is also generated in support of the overall price action, in which a limited decline is anticipated, ahead of a rallying.
PREDICTIVE ANALYSIS & FORECASTING:
Here again, I have not made use of the predictive/forecasting model. I consider the model very reliable, whereas the proprietary geometries less reliable. For this reason, I would rate this trade as high-risk based on this lower probability level.
However, I was compelled to post this trade potential based on the past performance of this Janus Pattern - This is a purely academic exercise and not a trade recommendation.
INVALIDATION CONDITION:
I would consider above trading plan invalid if and once price reached TG-Lo = 97.158 before reaching TG-Hi =
103.703.
An early invalidation could be generated if and once price commits to a sustained decline below TG-1 = 98.329.
OVERALL:
Two timeframes have posted two same prop patterns, named Janus. The expectation here is to see a geometric resolution out of a complex market geometry named Wolfe Waves (author: Bill Wolfe). Typically, price tends to resume its initial trend after it validates the pattern's 1-4 Line, thus moving in the expected direction of TG-Hi, representing a large frame prop pattern completion, and potentially repulsing price towards a lower target, representing a smaller completion of the same prop pattern.
Have a fantastic week-end.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
----------
Twitter: @4xForecaster
----------
