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 )
Just released on social media:
$INVN remains under pressure; Predictive Model still on track, eyeing 13.23, bulls await at 12.78:
2-day Chart as of this closing (19 JUN 2015)
Price is weaving a nascent 5-point 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 defined the following two qualitative targets:
1 - TG-Lo = 13.23 - 21 MAY 2015
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.
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 target ("TG-Lox").
Predictive Analysis & Forecasting
Durango, Colorado - USA
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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.
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!