$CADJPY | Possible Geo Formation | Targets Defined

2016年8月13日

Hello Traders,

CADJPY is offering a move to the upside with the targets defined on the chart.

The colors mean the following:

1. Dark Red - High Probability Target, Low Probability Reversal
2. Medium Red - Medium Probability Target, Medium Probability Reversal
3. Light Red - Low Probability Target, High Probability Reversal

The internals of this possible Geo' point to 79.876 giving us a higher probability of the Medium Red target to be hit. This, in turn, would give us point 4 of the Geo, point d of the internal ab=cd pattern, and point C of the larger AB=CD pattern. From this point I expect a reversal to the downside to create point 5 (5') of the Geo and point D of the larger AB=CD pattern.

Note: I have not defined any points of the potential Geo' or the CD leg in the larger AB=CD pattern as point 4 is the trickiest point to predict.

Best,
Chartistry

2016年8月26日

注释

UPDATE: AB=CD now points to the high probability target



Be weary of the medium probability target as well.

Best,
Chartistry

2016年8月31日

注释

Targets remain in force.

2016年9月3日

注释

High and Medium Probability target's hit. Internal ab=cd pattern is nullified. Waiting for further confirmation for point 4 creation.

Best,
Chartistry