Price is likely to encounter a significant support at 1445.00. Breaking of that floor opens price to the following Predictive/Forecasting Model's target:
- TG-Lo = 1089.93 - 10 APR 2015
This would only represent a smaller aperture to the prior analysis done over this following chart:
Source of predictive analysis and forecasting:
This chart will be placed and analysis followed in original thread.
OVERALL: Bears remain in charge, as per prior forecast and analyses. Upside potential limited, as illustrated.
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TG = Target
TG-Lo = Bearish target
1588 is the highest estimated level of retracement in terms of probability - If price breaks higher, then all bearish forecast become null and void until further data
1089 is the interim bearish target for this timeframe
A higher timeframe analysis is suggesting a lower level of target.
(Look up "TG-Lo TG-Hi explained" for some random explanation of these particular targets - i.e.: numerical/quantitative versus nominal/qualitative target).
Have a fantastic weekend, y'all.