Bulls Bugs Beware | $HUI $Gold $XAU $AUD $CAD #forex

Friends,

While bulls are attempting to gore through a significant bearish entrenchment at 201.65, the possibility of a pullback to the predictive model's worst-case scenario level remains a fair plausibility - This level is defined as:

- TG-x = 134.86 - 13 JAN 2015

Combined against an expected advance is an overhead resistance projecting from the most recent high-point of the current swing (blue dashed line).

Surmounting this 201.65 level, however, is only half the battle, as the real bearish reinforcement is expected to occur at the 251.82 level.

The long-term outlook remains bullish, with a mitigated directional bias for the most immediate term, based on the structural concerns mentioned above - For this reason, the directional bias indicator is left at "Neutral" until the price untangles from the current time-consumptive background geometry.

If and once released from the 251.82 cap, a set of prop-based bullish target lurk far overhead, defined as:

1 - TG-Hi = 489.50 - 13 JAN 2015

and

2 - TG-Hix = 572.69 - 13 JAN 2015

Stay tuned,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter: @4xForecaster
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Comment:

04 DEC 2015 - Chart update / Tech-Note:

$HUI hit target at combined H&S symmetry + Model's forecast; Bullish L/T:

#gold $XAU $JNUG $AUD $CAD $CHF #forex


David Alcindor

Comment:

15 FEB 2016 - Chart Update / Tech-Note:

Geo novice, if you get this one, you are understanding the Geo ... Namely, something is missing within the internal construction of the Geo.

Can you guess what it is?

The more adept to the Geo, can you list the requirements for:

1 - The 1-2 Leg?

2 - The 2-3 Leg?

3 - The 3-4 Leg?

AND

4 - The 4-5 Leg?

Feel free to look it up (Simply Google my alias" 4xForecaster and the item you are looking for).


So, is this the lowest low that has been reached, or are we at risk for another low? How about a reversal at that lowest low, if it gets there?

Best,

David Alcindor

Comment:

26 FEB 2016 - Chart Update / Tech-Note:

Price is reaching the upper border, signaling the last tolerance level to maintain geometry intact ... In other words, this is a make or break: Either ...

1 - ... Price reverses from this level and completes the geometry to the down-side

OR ...

2 - Price breaks above the thin dashed line (pink arrow), thus invalidates the geometry and signals a probable further rallying in price.

Best,

David Alcindor