4xForecaster
Long

Potential Rallying At 1.49 | $DUST $BARS $NUGT $Gold #forex

AMEX:JNUG   DIREXION DAILY JUNIOR GOLD MINERS INDEX BULL 3X SHARES
998 21 15
PREDICTIVE ANALYSIS/FORECASTING:

- TG-Lo = 1.49 - 17 DEC             2014: Low-Prob Attainment, High-Prob Reversal
- TG-x = 0.83 - 17 DEC             2014: Extreme Target/Invalidation level if breached

- Bearish Entrenchment: 21.16/23.08 range


FIBONACCI:

- 0.618-Fib retracement at 22.81 into bearish predictive model's entrenchment


ELLIOTT WAVE:

- Point-2 results from a w-x-y-xx-z complex correction
- EWP's Rule of Alternation call for simpler 4th wave formation


PATTERN:

- Bearish channel validation at/near predictive model values


OCCULT GEO:

Bearish impulse's upper and lower nodule draw core geometry at/near historical pivot ~ 14.00/14.14


OVERALL:
Technically-driven bullish outlook. Proprietary pattern (Great White) call for rallying in this vicinity. Unwinding of price to the upside calls for high-probability Fibonacci guidance to standard 0.618 level.

Volume spike likely institutional, acting much like stopping volume activity. This should be regarded as suspicious, in preparation of a probable counter-trend price action.

Alignment of 0.618-Fibonacci with Model's bearish entrenchment adds credence to rallying target - Expect a temporizing event at/near 14.00 level.


David Alcindor
Predictive Analysis & Forecasting
You meant gold will go up?
+1 Reply
JNUG carries a tight correlation with its ETF cousins.

David
+1 Reply
Sunny88 4xForecaster
It will merge soon, 10 to 1.
+1 Reply
Nice chart work and analysis; thanks.
+1 Reply
nice
+1 Reply
whats target now since r.s
Reply
Sunny88 ChimbOt
co ask.
Reply
30 JAN 2015 - Update:

From Twitter:
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$JNUG marching in consolidation; Counting on 5th wave truncation as predictive model remains bullish:

snapshot


@tradingview
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snapshot



David Alcindor
Reply
Sokun 4xForecaster
Can u explain more please? Gassho
Reply
millie PRO 4xForecaster
Great call! Thanks for sharing. So you are expecting HUI to pullback? Do you have a projection for JNUG in the truncated 5th wave?
Reply
29 APR 2015 - TECH-NOTE / Update:

I was lucky enough to have received a hint from a gold-trading friend at McAlvany, so I got in at a rock-bottom ow entry before the split. As continue to follow this long position. However, from time to time, I will share lesser timeframes, for those interested in finer granular development.

In the following chart, a geometry is unfolding. As you are perhaps now aware, there are three core rules to this geometry, which I have developed as a refinement of the Wolfe Wave:

1 - Off-Set Rule

2 - Geo Anchor Rule

3 - Tunneling Rule

A lesser rule is that of determining a zone of consolidation using the impulse waves of Elliott Wave (most of these rules are explined throughout my analyses, but the EW can be found here: https://www.tradingview.com/chart/DXY/vDLTGehO/#tc171944 ).


Here is the chart as it unfolds:

+2 Reply
4xForecaster PRO 4xForecaster
snapshot



Notice how the Point-4 can be too easily mistakenly placed. ALWAYS expect the 2-3 Leg to offer a complex ZIG-ZAG configuration, in the order of a W-X-Y-XX-Z order - This is particularly important as you seek to apply the "Geo Anchor" Rule.


David
+2 Reply
02 MAY 2015 - TECH-NOTE:

Looking at a finer granular level, $JNUG is offering a chance to follow its geometry, as illustrated. The background Predictive/Forecasting Model calls the following target (see illustration). The top-most value represents a calibration threshold, whereby, if transgressed, would require a revision of the analysis at a larger timeframe (typically a 4-fold order of magnification, or H1 x 4 = H4).


snapshot



David Alcindor
+1 Reply
04 MAY 2015 - Update:

From Twitter/LinkedIn:
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$JNUG jumped at market open, moved nearer bullish target as forecast; Geometry remains in-synch:

snapshot


$XAU $nugt $gold
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snapshot



David Alcindor
+1 Reply
08 MAY 2015 - Update:

From Twitter/LinkedIn:
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$JNUG eyes a prob. rally to forecast targets; Bulls have drawn a defense line via (+)div.:

snapshot


$XAU $nugt $gold $USD
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snapshot



David Alcindor
+1 Reply
11 MAY 2015 - Update:

From Twitter/LinkedIn:
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$JNUG continues to rally from its 19.60 base, as forecast. Eyes loftier targets:

snapshot


$XAU $Gold $NUGT $USD $AUD #forex
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snapshot



David Alcindor
+1 Reply
13 MAY 2015 - Update:

From Twitter/LinkedIn:
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$JNUG hit first target at 25.48; Next: Eyeing 27.47; Mulls possibility of 29.16:

snapshot


$XAU #gold $USD #forex $NUGT
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snapshot



David Alcindor
+1 Reply
14 MAY 2015 - Update:

from Twitter/LinkedIn:
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$JNUG hit target dead-on; Rests atop Geo; Mulls 29.16 before retreat:

snapshot


$XAU $NUGT $gold #gold $USD $AUD $CAD $CHF
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snapshot



David Alcindor
Reply
19 MAY 2015 - Update:

From Twitter/LinkedIn:
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$JNUG remains buoyant after hitting both bullish targets; Mulls final 29.16 target:

snapshot


$XAU #gold $NUGT $gold #forex
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snapshot



David Alcindor
Reply
28 MAY 2015 - Update:

From Twitter/LinkedIn:
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$JNUG hit its modified 1-4 Line target; Bullish support remains at 19.60:

snapshot


$XAU #gold #euro $USD #forex $NUGT
----------


snapshot



David Alcindor
+1 Reply
08 JUN 2015 - UPDATE:

It appears that the WW/Geo has defined a lower Point-4 ... Any lower and the WW/Geo would invalidate. Still BULLISH:


snapshot



David Alcindor
+2 Reply
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