Predictive/Forecasting Model eyes the following BULLISH targets:
1 - TG-Hi = 6.5473 - 04 JUN 2015
and
2 - TG-Hix = 6.6721 - 04 JUN 2015
MARKET GEOMETRY:
A break > Point-3 of the background geometry would still see significant resistance to any advance, with a Wolfe Wave / Geo. potentially illustrating the change of a push back. If this occurred at Point-5, then a temporizing decline could occur down along the 1-4 Line. However, based on Geo's Off-Set Rule, a rallying significantly above Point-5 (exacting Point-5') would likely limit such pull back to the level of price Point-4 (circa 6.187).
MOMENTAL LINES:
Note the dominant lines throughout the chart, which form significant dynamic price-pacing supports and resistance. These are likely to play a role in the nascent geometry, as well as subsequent price advances.
OVERALL:
Bulls have defended their territory at the 6.187 level. This level may be temporarily violated, but invalidation of above analysis should come if and once price breaks-below/closes below Point-2 of the geometry, circa 6.1100.
Best,
David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA
Price tests levels below the Nodular Core, but remains closed above it. This is likely to remain a support, as the Predictive/Forecasting Model remains bullish:
David Alcindor
4xForecaster
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23 SEP 2015 - Chart Update / Tech-Note:
Original predictive analysis & forecasting remains intact; Interim decline remains probable, subject to the Geo's Off-Set Rule #3:
David Alcindor
4xForecaster
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11 SEP 2015 - Chart Update / Trade Opp:
David Alcindor
4xForecaster
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10 SEP 2015 - Twitter/LinkedIn Update:
USDCNH continues strict adherence to forecast; Rolls toward bearish target after hitting bullish target:
#yuan
David Alcindor
iefan
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Great forecast David, thank you for sharing and updating!
4xForecaster
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ADDENDUM - Twitter/LinkedIn Update:
CNH vs. CNY falls as forecast; Hits all bearish targets; Waiting for on-shore to intervene?
Keeping pace with forecast pathway; Nears resistance:
David Alcindor