THE GEO RULES:
The Geo completed its 5-point regimen at its ectopic 5' level, triggering its compensatory geometric rule, namely: The Geo's Off-Set Rule, whereby:
1 - A price reversal from Point-5 offers the HIGHEST probability of attainment along its 1-4 Line ( rule as well)
2 - A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4
3 - A price reversal from Point-5'' offers the HIGHEST probability of attainment at a price level corresponding to Point-3
Note that the points 5' and 5'' are merely expressed as a geometric intersection of the 2-4 Line off of Point-3 and Point-1, respectively, as a result of a slight adverse excursion away from the 1-3 Line.
Note also that the frequency of these ectopic points is such that:
Point-5' > Point-5 > Point-5''
As a stand-alone feature in the foreground, the Predictive/Forecasting Model offers the following probable targets:
1 - TG-Lo = 7.93131 - 31 AUG 2015
2 - TG-Lo = 7.87136 - 31 AUG 2015
Geo completion at 5-prime calls for a high-probability target, as defined above, although the Predictive/Forecasting Model expresses a greater appetite.
Conservative validation rests at 8.23209, whereas general invalidation rests at 8.40050, as shown in the chart.
Predictive Analysis & Forecasting
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Yes, I have posted a NEW analysis on this one ... It has a slight modification, since Point-1 is defined at a lower elevation, but not in a manner that would depart from your chart at all.
Very nice. Well done.
Here is the LINK to the new analysis - Click on image/link to get to the charts and analyses: