Watch for potential rally into the 17.564/17.757 range per Geo's Off-Set Rule, as price defined a higher-low structure into the bullish entrenchment - See following chart:
Look for commodity-sensitive currencies, such as AUD, NZD, CNH and correlated leaders such as XAU, XPT charts (posted earlier this week) for supportive hints in terms of similar directional biases.
Background geometry at play is the Geo, as implied by above Off-Set Rule, whereas the Predictive/Forecasting Model remains quiet at this time.
OVERALL:
Bullish bias to 17.564/17.757 range as Geo=based targets.
Best,
David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA
As price finally rose to the 17.564/17.757 range, we are now looking at a potential reversal, given the following upper and lower risks - The upper value represents the most proximal value anticipated to hit first, whereas the lower value represents the target at reversal:
Invalidation should occur with the development of a bullish impulse pushing price steadily higher. In which case, a new analysis to the upside would be required.
Best,
David Alcindor, CMT Affiliate #227974 - Alias: 4xForecaster (Twitter)
Just hit a minor structural target. Expecting some delay from this resistance. However, outlook remains bullish:
David Alcindor
4xForecaster
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09 OCT 2015 - Chart Update / Tech-Note:
Price remains bullish. Per Geo's Offset rules, #2 is complete (highest probability attainment based on 5'' validation). Original target at price level of Point-4 is now a lower probability target ever since 5' was replaced by 5'' validation, as per the same rule. Still, price remains bullish:
David Alcindor
4xForecaster
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02 OCT 2015 - Chart Update / Tech-Note:
Price remains close to dashed forecast; A break above 15.414 may break bulls free to loftier target:
David Alcindor
4xForecaster
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10 AUG 2015 - UPDATE:
From Twitter/LinkedIn:
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XAGUSD surged at week's open since signal; Broke discreet internal resistance levels; Bulls in control:
Price remains committed to the upside, with a high-probability attainment of price level corresponding to Point-3 (Geo's Off-Set Rule #3) as expected. Going forward, the 1-3 Line is likely to act as a springboard for further advance, as shown:
David Alcindor
4xForecaster
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17 SEP 2015 - Tech-Note:
As you know by now, I would rather offer the highest-probability secenario, even if this means much smaller gains that ones that could be promised, but undelivered from lesser probability scenarios. In the context of this chart, the price level of Point-3 represents the highest -probability scenario, whereas any other advance would have to prove itself in deed.
The one provable deed I would like to see is a retracement from the first RED target (small red square along the lower border of the Point-3 range, defined as 15.274) in a corrective pattern in Elliott Wave terms, as it would represent a coiling pattern preparing for a larger-degree of impulse, as well as a validation of price along the 1-3 Line.
An EARLY INVALIDATION of this can be expected IF price retrenches from the Point-3 level to a level that exceeds the origin of the impulse bars (the three most recent bars are what constitute the impulse, with an origin that stems approximately from the 3-5' Line.
I hope I have kept this clear.
David
4xForecaster
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Here, pink arrow points to that level which should NOT be exceeded, otherwise, the advance in this metal is invalidated as planned. That is, I would ignore any further advance expectation until another significant event occurs to the upside.
David Alcindor
4xForecaster
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27 AUG 2015 - UPDATE:
From Twitter/LinkedIn:
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XAGUSD faces most immediate hurdle: Point-3 from 5'', per Geo's Off-Set Rule:
Thanks for all of your contributions to the community David, amazing work. Can you shed some insight into at what point this trade would be considered invalidated after snapping back from the 5" line? Would a revisit/breach of the 5" cause you to exit the position, or would you would be looking to exit somewhere sooner?
Just hit a minor structural target. Expecting some delay from this resistance. However, outlook remains bullish:
David Alcindor