Re: INVN: ---------- 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: google.com/search?q=INVN&ie=utf-8&oe=utf-8 ) ----------
Just released on social media: ---------- From Twitter/LinkedIn: INVN remains under bearish pressure; Predictive Model still on track, eyeing 13.23, bulls await at 12.78:
- 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
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
4xForecaster
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06 JUL 2015 - UPDATE:
From Twitter/LinkedIn:
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INVN precipitates towards Predictive/Forecasting Model's bearish target; Nears geometry completion:
David is there a larger Geo/WW at play here? Kind regards Iefan
4xForecaster
⋅
@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:
David Alcindor
4xForecaster
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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.
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:
AAPL
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David Alcindor