Entry at 1.09405 = "House-Cleaning" (Prop Pattern)
Stop-Loss at prior structural top = 1.13471
Targets based on Predictive/Forecasting Model:
1 - TG-1 = 1.05072 - 17 AUG 2015
2 - TG-Lo = 1.02807 - 17 AUG 2015
3 - TG-Lox = 1.01341 - 17 AUG 2015.
Note that TG-1 has already been hit based on analysis released this summer (See link below: "$AUDNZD - LESSON: Geo Roots ... ") for a detail of the analysis.
Note also that a prior analysis was released with a lower TG-Lo, which belonged to a different timeframe ... We will get that that one with some revision if and once price gets to the Watch Line ("WL") line.
Predictive Analysis & Forecasting
Durango, Colorado - USA
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Price draws out a potential Geo:
A break below the 1-3 Line would open floor to a bearish momentum:
Price tests 1-3 Line ... Not BACA yet:
As we are looking at a mechanism of descent, consider this potential geometry and R/S levels:
Price moved as forecast, hit upper range and receded ... Bearish:
Prior target now acting as R/S level, as price fell per forecast ... Bearish:
As price continues to carve lower lows, here is a Wolfe Wave completion:
At this point, I would keep an eye on the H4 and daily timeframes, since lower targets remain unanswered.
Simple internal geometries - expressed as reciprocal ab = cd symmetries - are pointing to both bearish targets.
Watch for this potential development ... Point-4 is typically "loose", so use your technical tolls to discern any reversal signals:
Remember that with the Wolfe Wave or Geo, Point-4 remains quite elusive.