$PPLT Nears Cycle Completion At Geo's 5' | #platinum $XPT $XAU


A quick synopsis on this metal, coming to a cycle completion of the Geo:

1 - Price hit Predictive/Forecasting Model's qualitative target, defined at 98.27 on June 22nd;

2 - A "Warning Level" at this institutional weekly level may offer solid support and ground for reversal, here defined at 91.98;

3 - A large geometry defined by the "Geo" meets the following conditions:
a -- 1-2 Leg integrates a reciprocal ab = cd symmetry
b -- 2-3 Leg completes a complex Elliott Wave zig-zag (here, a IMP-COR-IMP is drawn in)
c -- 3-4 Leg completes a simpler Elliott Wave zig-zag ("ZZ") than 2-3 Leg
d - 4-5 Leg completes a simplest ZZ
e -- A permissive Tunneling lets a 1-4 Line through the geometry
f -- Transposition of 2-4 Line offers a point of repose for Point-5-prime (5')

If and once a reversal occurs in the 91.98 ("Watch Level") vicinity, look for a possible reversal to a price level corresponding to Point-4, as per Geo's Off-Set Rule.

Confluence of Predictive/Forecasting Model's target at 91.98 and Geo's 5' is likely to impact price. Whether of not this should suffice to reverse price will have to be appreciated over an unusually longer period. However, Forex traders might want to keep this metal in mind, as we are also looking at $XAU and gold-sensitive sovereign currencies, such as $AUD, $CAD and $CHF, and to some lesser extent $NZD.

In other words, a rallying in $XPTUSD may be occurring at these defined levels, heralding a possible reversal in the class of precious metals - See recent target hit on $XPTUSD: .


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


David Alcindor

David Alcindor
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08 SEP 2015 - Chart Update / Tech-Note:

Last 22 JUN 2015, I posted two bearish targets from which the Predictive/Forecasting Model expected a bottom-tip reversal (from the Watch-Line - typically colored in BLUE) target at 91.98 which it hit at the tip-end of a reversal candle last month. Since then, price rallied and remained buoyant above that target) - Besides the Predictive/Forecasting Model assertion that price is likely to remain above this abysmal target, and eventually rally (using a background data offered by the Geo, as we applied the Geo's Off-Set Rule, which sets a reversal from a Point-5 excursion as 5' to reverse to the price level of Point-4 - "Rule #2) to the level illustrated in the chart - Geo's Off-Set Rule application, Rule #2;

As added visual support for the more mecreant chartist and trader in our midst, I have applied a variety of very simple reciprocal ab = cd symmetries. For instance, the largest one tip-ends at the Predictive/Forecasting Model's 91.98 vicitnity. Additionally, the last down-swing offers a similar reciprocal ab = cd symmetry, rotating around a shallow retracement - some might recognize a "nodule", with its own impact on future price rally, projecting forward a new and persistent pivot.

This is a glacier-paced chart, being the large institutional frame it represents, but one that is worth keeping in mind, as we are pacing price of GOLD and its own high-beta, precious metal/commodity-bound currencies: $CAD, $AUD, $CHF, $NZD and $EUR as a dollar antipodian and correlated currency with gold.


David Alcindor
+2 Reply
4xForecaster 4xForecaster
* * * CORRECTION * * *

Largest reciprocal symmetry should end with D, not C:

+2 Reply
12 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
$PPLT remains bullish, carving out higher highs since target hit at 91.98: still intent on 146.15:

#platinum $XPT

David Alcindor
+2 Reply
24 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
$PLG continues to consolidate at Predictive Model's target; Model remains bullish:

#platinum $XPT $PPLT #gold $GLD

David Alcindor
+2 Reply
24 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
$PPLT remains aloft its 5-prime line; Reactive rally capped at Point-4 Level per Geo's Rule:

#platinum #gold $XPT

David Alcindor
+2 Reply
21 JUL 2015 - Addendum:

Following is the most recent predictive analysis/forecasting done on this metal:


$XPTUSD - 11 JUN 2015:

$XPTUSD - 22 JUN 2015:

$XPTUSD - 21 JUL 2015:

David Alcindor
+2 Reply
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