Predictive/Forecasting Model indicates a generally outlook, taking aim at its most proximal quantitative target at 0.77934. An interim retracement in the order of 0.382 to 0.618-Fibonacci might occur, but loftier qualitative targets are also lurking and expected to be visited - The targets are defined as follows:
1 - TG-1 = 0.77934 - 22 APR 2015: Quantitative Target = High-Probability hit; Low prob. reversal
2 - TG-Hi = 0.79490 - 22 APR 2015: Qualitative Target = Low-Prob. Hit; High prob. reversal
3 - TG-Hix = 0.80497 - 22 APR 2015; Qualitative Target = Very Low-Prob. Hit; Very High prob. reversal
In the case of the Predictive Model, it has been calling for a rallying for quite some time, but as the charts have proven, the 60-minute as well as 4-hour charts have lacked the precision that I would expect, which in the case of the Model's protocol signifies that higher-level players are controlling price.
In this chart, which is nothing too different than what I had posted in recent analysis (I changed the timeframe to clean lines up), the Geo remains the same, and the principle that should impact on price action and target remain unchanged (here, we are dealing again with the Geo's rallying off of its 5-prime ectopia, thus defining price level corresponding to Point-4 as the next highest probable level of attainment).
As this geometry unfolds in the background, the foreground and preponderant measure remains that of the Predictive/Forecasting Model, which remains intent on its long-term targets, which have been forecast sometimes ago.
Again, great find Iefan!