Yesterday, January 25th, we warned cryptocurrency traders that a significant rally was afoot. We offered a directional bias to the upside and defined a precise target level at 23.357. OVERALL: As of this past 4-hour candle, the bullish target was hit dead on, however we remain bearish as to the overall outlook and directional potential of this chart for the time...
Friends, At the beginning of January, our system produced what appeared to be "lofty" targets at the time (price hovered around 890). However, our chart maintained the allure of a quiet bull grazing these flatland pastures with an eye on higher elevations. As of this 4-hour candle, the bulls have made good to as they climbed to our first 1028.75 target, where...
Earlier today (25 JAN 2014), we offered the possibility of a rally to occur up to, but limited by, the underbelly of the recent bullish trendline. Turns out that this very scenario just played out perfectly, and bears appear now ready to start digging. A structure low at 0.024 will probably offer a soft support compared to 0.022 and especially 0.024 levels....
Friends, At 4xQuad, we like to keep our ears on the ground and look for significant early market conversions, where the shift between bears and bulls occurs with discretion, but distinct technical patterns. In the case of the SPY, a significant price decline occurred following a top consolidation. For the advanced pattern traders, some might possibly...
Friends, As explained recently, the chart had allowed for some unwinding and stop-loss hunting. Now that this seems to be a closed chapter, bulls are roaming anew over a wider and loftier pasture. Our predictive analysis is producing the following data as far as next levels of resistance: 1028.75 and 1076.54. OVERALL: Outlook has been unchanged and remains...
Friends, On December 28th, we produced this chart to highlight a convergence level between a dominant channel and secondary internal channels, both culminating at a significant price level. Ever since price reached that level, it fell, indicating that bulls are striving to maintain ground with growing difficulty. Aside from this channel-based analysis, our own...
Friends, Watch for fake-outs here. 989.27 was our former overhead resistance, which pushed back and held price down for sometime. If structure-high at 980.59 cedes, then 989.7 offers a potential hurdles to bulls. OVERALL: Structure-highs are as noted; Chart has not changed directional bias. Remains BULLISH throughout. A break below 884.75 will likely change...
Friends, On December 28th, 2013, we produce a target valued at 5794.30, pointing to a potential level of significant resistance or possible reversal. The chart illustrates two distinct 275-week, each completing into an abysmal decline. As we near completion of the current 275-week cycle, the precise charting measurements offered by #TradingView indicate that...
As just indicated and detailed on 4xQuad.com, the outlook remains bullish. For greater detail and a review of the forecast we did on this metal, see the predictive analysis just released on www.4xQuad.com (where the original forecast was released to the public). OVERALL: Bullish outlook Cheers, David Alcindor | 4xQuad.com Predictive Analysis & Forecasting
Friends, A few days ago, we defined a near support at 4.05. Within a few minutes, fundamental news streamed in with overweighing bears in the waves. This caused us to defined a stronger support down below, which came at the 3.43 value, which is at the market close today. That 3.43 target holds above the lower bullish channel. If that channel offers support,...
Here is a new target release for the IBEX35, eyeing 7791, setting the target quite low. Last time we made such a far-fetched predictive analysis, we hit the USDollar index on the nose (see that analysis here: on.fb.me). Also, another far-fetched call was on the #AUDUSD, where we gorged on 643 pips (see that analysis here: on.fb.me). So, let's see whether we can...
A few days ago, we defined a potential level of support at 895.32, representing a level of significant support. Look for price spikes at that level, as the market absorbs stop-losses and new long orders. Again, a break of 884.75 opens the floor to bearish targets, one of which we drew as a preliminary candidate, although we remain neutral-to-bullish in our...
On January 03rd, we provided these targets valued in terms of relative strength between #Litecoin and #Bitcoin. During a protrated consolidation period, we delved into highlighting momental lines that would contribute to the protraction. The lines defined in the chart maintained there relevance over several months, and we able to give the trader a visual of...
A quick update here to bring your attention at the fact that price just tip-toed and rallied from a long-term momental line. The recent bearish outlook remains intact here, although a reactive rally remains a possibility, keeping in sight the overhead resistance line which has been in effect since last November. Cheers, David Alcindor | 4xQuad.com
As per our archive, this target was set on January 14th. As of this hour, target was hit dead-on. David Alcindor | 4xQuad.com Predictive Analysis & Forecasting
Predictive Analysis: Neutral-to-Bearish | #netflix #NFLX 4xQ'ers, Despite a stellar ascent, this little screen-that-could just posted an early bearish reversal signal with pending confirmation. Defined in the chart are potential levels of support if price reels in new lows. Overhead hurdle at 367.24 should keep bears in doubt if broken - Structure high also...
4xQ'ers, This chart has acted like a true little bolide, and while conventional institutional traders might perceive a top at the current level (trading right now at 178.57), our prop pattern (Great White) is calling for a smidgen higher level. We kept the market indicator as "Neutral" as we balance recent bullish tack against our perceived overhead...
4xQ'ers, Yesterday, we updated the chart following a significant decline as preempted by our earlier predictive analysis. As of today, we expect some price unwinding, respective of the overhead (red) trendline. However, as price broke through its upper bullish momental line, it is likely to reach its next lower level. Targets offered are valued as expression...