Friends,
A prop geometry is completing at the 12.65 handle, whereas the Predictive/Forecasting Model eyes a probable low at 12.43 - Look for a reversal to the UP-side if and once price reverses with bullish initial quantitative target at 17.21 and secondary target at 17.68.
Best,
David Alcindor, CMT Affiliate
Alias: 4xForecaster in Twitter/Linked-In
A prop geometry is completing at the 12.65 handle, whereas the Predictive/Forecasting Model eyes a probable low at 12.43 - Look for a reversal to the UP-side if and once price reverses with bullish initial quantitative target at 17.21 and secondary target at 17.68.
Best,
David Alcindor, CMT Affiliate
Alias: 4xForecaster in Twitter/Linked-In
Komen:
05 MAY 2016 - Chart Update / Tech-Note:
After-hour market values suggest a lower low - As the geometry unfolds, consider 11.10 as a resonable support:
David Alcindor
After-hour market values suggest a lower low - As the geometry unfolds, consider 11.10 as a resonable support:
David Alcindor
Komen:
07 JUL 2016 - Chart Update / Tech-Note:
Price remains bound to bearish TG-1, which is the first target in the sequence, but the only bearish one defined by the Predictive/Forecasting Model:
Overall, bullish targets remain intact and in force - A refinement of the bullish target might occur, but none have been redefined at this point.
Thank you for following this one.
Best,
David Alcindor, CMT Affiliate
Price remains bound to bearish TG-1, which is the first target in the sequence, but the only bearish one defined by the Predictive/Forecasting Model:
Overall, bullish targets remain intact and in force - A refinement of the bullish target might occur, but none have been redefined at this point.
Thank you for following this one.
Best,
David Alcindor, CMT Affiliate
For those interested in a possible GEO development, here is a skeletal development:
David