4xForecaster
Short

$INVN - Bears Weave Wolfe Wave | #NYSE #fibonacci $AAPL

NYSE:INVN   INVENSENSE INC
282 13 11
Friends,

Re: $INVN:
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InvenSense Inc             . is the provider of the MotionTracking™ sensor system on chip for consumer electronic devices such as smartphones, tablets, wearables, gaming devices, optical image stabilization, and remote controls for Smart TVs.
(Source: https://www.google.com/search?q=INVN&ie=utf-8&oe=utf-8 )
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Just released on social media:
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From Twitter/LinkedIn:
$INVN remains under bearish pressure; Predictive Model still on track, eyeing 13.23, bulls await at 12.78:

snapshot


$AAPL            
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2-day Chart as of this closing (19 JUN 2015)
:
snapshot


MARKET GEOMETRY:

- WOLFE WAVE:
Price is weaving a nascent 5-point Wolfe Wave geometry ("WW"), with recent lower-high structure likely representing Point-4 of the WW. If this geometry holds, then look for further decline of price to a level along the 1-3 Line.

- THE GEO:
An alternative geometry arises from the "Geo", with "Tunneling" and "Geo Anchor" requirements being met. A decline to the foreground Model-defined targets would allow the Geo             to attain a 5-prime or 5-second adverse excursion relative to the WW's 1-3 Line, in which case, the OffSet Rule would apply and this target a reversal to the price level of Point-4, and not the 1-4 Line as the WW would have it (the former representing the highest probability attainment from a 5-prime position, or to the price level corresponding to Point-3 if reversing from a 5-second locus - i.e.: OffSet Rule of the Geo             ).


PREDICTIVE/FORECASTING MODEL:
Predictive/Forecasting Model defined the following two qualitative targets:

1 - TG-Lo = 13.23 - 21 MAY 2015

and

2 - TG-Lox = 12.78 - 21 MAY 2015

These targets stand at the foreground of the analysis, whereas the aforementioned geometries are supportive visual data that have a high-correlative history with this proprietary model.


OVERALL:

Expect further downside to the level defined by the Predictive/Forecasting Model, further incorporate by the geometries. An additional technical data is offered by the 0.786-Fibonacci contraction, a level that closely aligns with the Model's lowest bearish target ("TG-Lox").

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Twitter:
@4xForecaster

LinkedIn:
David Alcindor
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.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
29 JUN 2015 - NOTE:

$INVN was first discussed in the "Predictive Analysis/Forecasting" chat room:
- https://www.tradingview.com/chat/#5eHLst6YxeVqGlaO

David Alcindor
+1 Reply
06 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
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$INVN precipitates towards Predictive/Forecasting Model's bearish target; Nears geometry completion:

snapshot


$AAPL
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snapshot



David Alcindor
+2 Reply
itsheng 4xForecaster
a year ago
Today's low is 13.28!
Reply
09 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
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$INVN hit all bearish targets; Mulls high-prob retrace to 16.19 per Geo's Off-Set Rule:

snapshot


$AAPL #invensense
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snapshot



David Alcindor
+2 Reply
itsheng 4xForecaster
a year ago
Good morning David! The lowest price last week almost hit the 5'' line. Did it change the GEO target? With the new low, can the EW point 3 in your chart be considered as point 1 and the new low as probable point 3 in a slightly larger WW? Thanks!

Regards,
Sheng
Reply
Chartsmith
a year ago
Beautiful! Thanks for putting the time into this one!!
+1 Reply
iefan PRO
a year ago
26 July 2015

$INVN

David is there a larger Geo/WW at play here? Kind regards Iefan
snapshot
+1 Reply
4xForecaster PRO iefan
a year ago
@iefan - Yes, indeed, this larger Geo can definitely encompass it all at once, keeping the Point-5 as is, and remaining true to the original target:


snapshot



David Alcindor
+1 Reply
4xForecaster PRO 4xForecaster
a year ago
31 JUL 2016 -Addendum:

Note that the Geo construction remains true as well:

1 - 1-2 Leg is a larger reciprocal ab = cd symmetry;
2 - 2-3 Leg represents a complex ZZ in the original rule, but in this particular case, the complexity is maintained in an EW impulse;
3 - 3-4 Leg engaged in a simpler ZZ formation.

It is not a rigid rule, but one to keep in mind when preempting the structural definition of the Geo.


David
+1 Reply
itsheng 4xForecaster
a year ago
Hi David,

The price has moved somewhere close to the previous low but not yet reached 5'. If the price breaks 5(5'), is it definitely that the price will each 5'(5'') as the next target? Is there middle ground between 5 and 5' or 5' and 5''? For this specific case, as the Geo has wide open angle, if the price is going towards 5' it's very easy to reach the stop loss price. Is there a way to determine the entry point again ealier besides waiting for the price to reach back into the Geo? Thanks!


Regards,
Sheng
Reply
17 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$INVN exceeds #fibonacci levels; Predictive Model sees 9.13 as prob. reversal to 16.19 per Geo Off-Set Rule:

snapshot


$AAPL
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snapshot



David Alcindor
+2 Reply
4xForecaster PRO 4xForecaster
a year ago
@itsheng - If price BACA < 9.13, then analysis would need to shift to a higher TF - David
Reply
itsheng 4xForecaster
a year ago
Thanks for the update!
+1 Reply
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