4xForecaster
Long

Hit First Target; Nears Second Target Per Forecast #Russell2000

AMEX:IWM   ISHARES RUSSELL 2000 ETF
339 2 7
Friends,

This past June 04th, I released three forecast targets, namely:

1 - TG-1 = 115.52 - 04 JUN 14
2 - TG-2 = 117.83 - 04 JUN 14
and
3 - TG-Hi = 119.72 - 04 JUN 2014.
(See recent analysis that generated these targets here: https://www.tradingview.com/v/u9vjhOvL/)

As of today's close (Monday, 09 JUN 2014), the first target got steam-rolled then used as a springboard (pink arrow) for further advancement in price action.


TECHNICAL OUTLOOK:

Outlook remains intact as price action is now eyeing the second forecast target @ 117.83. As indicated before, the extreme forecast (TG-Hi or TG-Lo) typically refer to lesser probabilities, which if reached, tend to act as significant counter-trend or reversal price points.

The escape velocity that propelled price towards the first target should remain in force, indicative of a Wave-3 anatomy in Elliott Waves parlance. If indeed TG-Hi imposes a significant resistance, then the EW pattern trader might potentially see a A-B-C retracement pattern back towards the GREEN dashed bullish trendline , which price used as its launchpad.

Cheers,


David Alcindor
Predictive Analysis & Forecasting


---------------------
Twitter: @4xForecaster
---------------------
David Alcindor
Alias: 4xForecaster

FREE Strategies:
- http://bit.ly/4xForecaster-FreeLessons

CROW Signal Service:
- http://www.MarketPredictiveAnalysis.com

RECENT Results:
- bit.ly/4xForecaster-Hits
21 JUL 2014 - Update:

From Twitter:

----------------------------------
$IWM hit all prior targets; Reversed at forecast high; bearish signal confirms further donwside:


via @tradingview
----------------------------------

David Alcindor

PS: Link to original chart and forecast:
-
Reply
14 JUL 2014 - Update:

From Twitter:

"$IWM - All targets hit; #Russell2000 Reversed at forecast TG-Hi; Bearish outlook; New targets pending; stay tuned "



David Alcindor
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out