Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
After ignoring a potential recoiling forecast, instead $X took off in the overall forecast direction. On March 20th, it hit the first structural target dead-on, then proceeded to consolidate for 24 hours (6 subsequent candles). However, as of this 4-hour candle, price built the necessary base for a renewed rallying towards our lofty "TG-1 = 30.42 - 18 MAR 14" target.
So far, so good.
Looking ahead, I would caution traders to look for a potential relief decline back to this defined based, thus using the prior resistance as a new support, although price has had the vigor to continue forward before, so a straight 0ne-breath shot to the target is a lesser but reasonable possibility.
Get my TradingView forecast instantly through Twitter.
Thank you for your support and friendly referrals!
Predictive Analysis and Forecasting
- Simply follow me: @4xForecaster.
Feel free to share my Twitter alias:
Thank you for your kind Twitter support and friendly referral through colleagues and friends.
Predictive Analysis &Forecasting
- All signals, analyses and forecasts are for educational purposes. Do your own due diligence. Use TradingChart.com to share your analyses with me or friendly traders on the site.
1 - $MT: Early bearish sign; bearish reversal confirmation signal pending
2 - $AKS: Needs to break above 7.04 structure high to challenge current bear strength
3 - $X: Early bullish market reversal as stated before; pending confirmation
4 - $NUE: Confirmed bear strength dominance; 51.03 caps potential relief rally, which would complete bearish 3-Waves; needs 51.55 break to convert bears to bull
5 - $STLD: Confirmed bear dominance; eyeing $15.85 support
Again, keeping one stock ($X) seems well bid for now and emits signs of potential rallying, but the same can not (yet, or at all) be said of other industry-complicit stocks.