Declines As Forecast ... Nears Bearish Target | $EUR $USD #forex
Friends,
Price continues to roll down the shoulders, so to speak, as forecast at the end of March - See original analyses here:
1 - Defining Bearish Targets (8 days ago) - 4-Hour Chart:
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2 - Carves New Structure Low (5 days ago) - 4-Hour Chart:
-
3 - The Technical Context (14 Hours ago) - Daily Chart:
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As price nears our target, shifting from a 4-hour view to a broad sweeping daily view suggests a significant trendline that has persistent across the length of the rising wedge. Considering that both target and wedge are coincident, expect a significant support at that forecast target level.
In any case, the directional bias remains firmly bearish as it has since the forecast, and there is otherwise no other technical event to suggest to easing of the trend besides above defined technical consideration.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast:
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Disclaimer:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of fundamental analysis, classic technical analysis, basic and advanced pattern trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
Price continues to roll down the shoulders, so to speak, as forecast at the end of March - See original analyses here:
1 - Defining Bearish Targets (8 days ago) - 4-Hour Chart:
-
2 - Carves New Structure Low (5 days ago) - 4-Hour Chart:
-
3 - The Technical Context (14 Hours ago) - Daily Chart:
-
As price nears our target, shifting from a 4-hour view to a broad sweeping daily view suggests a significant trendline that has persistent across the length of the rising wedge. Considering that both target and wedge are coincident, expect a significant support at that forecast target level.
In any case, the directional bias remains firmly bearish as it has since the forecast, and there is otherwise no other technical event to suggest to easing of the trend besides above defined technical consideration.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast:
-------------------------------------
Disclaimer:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of fundamental analysis, classic technical analysis, basic and advanced pattern trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster