Potential Rallying At 1.49 | $DUST $BARS $NUGT $Gold #forex
PREDICTIVE ANALYSIS/FORECASTING:
- TG-Lo = 1.49 - 17 DEC 2014: Low-Prob Attainment, High-Prob Reversal
- TG-x = 0.83 - 17 DEC 2014: Extreme Target/Invalidation level if breached
- Bearish Entrenchment: 21.16/23.08 range
FIBONACCI:
- 0.618-Fib retracement at 22.81 into bearish predictive model's entrenchment
ELLIOTT WAVE:
- Point-2 results from a w-x-y-xx-z complex correction
- EWP's Rule of Alternation call for simpler 4th wave formation
PATTERN:
- Bearish channel validation at/near predictive model values
OCCULT GEO:
Bearish impulse's upper and lower nodule draw core geometry at/near historical pivot ~ 14.00/14.14
OVERALL:
Technically-driven bullish outlook. Proprietary pattern (Great White) call for rallying in this vicinity. Unwinding of price to the upside calls for high-probability Fibonacci guidance to standard 0.618 level.
Volume spike likely institutional, acting much like stopping volume activity. This should be regarded as suspicious, in preparation of a probable counter-trend price action.
Alignment of 0.618-Fibonacci with Model's bearish entrenchment adds credence to rallying target - Expect a temporizing event at/near 14.00 level.
David Alcindor
Predictive Analysis & Forecasting
- TG-Lo = 1.49 - 17 DEC 2014: Low-Prob Attainment, High-Prob Reversal
- TG-x = 0.83 - 17 DEC 2014: Extreme Target/Invalidation level if breached
- Bearish Entrenchment: 21.16/23.08 range
FIBONACCI:
- 0.618-Fib retracement at 22.81 into bearish predictive model's entrenchment
ELLIOTT WAVE:
- Point-2 results from a w-x-y-xx-z complex correction
- EWP's Rule of Alternation call for simpler 4th wave formation
PATTERN:
- Bearish channel validation at/near predictive model values
OCCULT GEO:
Bearish impulse's upper and lower nodule draw core geometry at/near historical pivot ~ 14.00/14.14
OVERALL:
Technically-driven bullish outlook. Proprietary pattern (Great White) call for rallying in this vicinity. Unwinding of price to the upside calls for high-probability Fibonacci guidance to standard 0.618 level.
Volume spike likely institutional, acting much like stopping volume activity. This should be regarded as suspicious, in preparation of a probable counter-trend price action.
Alignment of 0.618-Fibonacci with Model's bearish entrenchment adds credence to rallying target - Expect a temporizing event at/near 14.00 level.
David Alcindor
Predictive Analysis & Forecasting
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.