BARS
Potential Rallying At 1.49 | $DUST $BARS $NUGT $Gold #forexPREDICTIVE 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
