Entry @ 92.211 - 12 MAR 2014
TG-1 = 93.382 - 12 MAR 14, high-probability
TG-2 = 95.655 - 12 MAR 14, moderate-probability
TG-Hi = 101.354 - 12 MAR 14, low-probability (ghosted)
TG-Max = 103.711 - 12 MAR 14, low-probability/Great White (not shown)
SL = 91.628
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Predictive Analysis & Forecasting
Denver, Colorado, USA
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
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Decided to take profit and short this. Entered two positions @ 95.784. Long-term is still BULLISH, but interim is likely to seek some unwinding to the downside.
Bearish Target @ 92.909 to satisfy structural support at a minimum
= Peak of 12 FEB and 18 FEB, 2014
= 0.618 of recent leg
= 0.386 of entire 88.144 to present impulse
Sometimes, price-based, non-quant analysis will do too.
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Predictive Analysis &Forecasting
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PA rolled right into SL (at next lower momental line, by the way) and rallied in the way of the original predictive analysis and forecast. At this point, there remains no change in said analysis and forecast: Price action is still expected to continue mounting a bullish rally.
USDollar index posted a multi-frame bearish market reversal confirmation/stacking against a reinforced $XAUUSD multi-frame BULLISH market reversal confirmation.
Look for a significant strengthening in currencies trading against the USD, especially:
As well as strengthening of correlated metals:
Gold (tight negative correlation to USDX)
Silver (high correlation to gold moves)
Copper is another story because of concerns in the Asian market. A rally occurred after $Copper hit all our forecast targets (see chart here: https://www.tradingview.com/e/KvcDrKY8/).