Here is an update on this pair, using a DAILY view:
David Alcindor
Note
26 JAN 2016 - Chart Update / Tech-Note:
* * * Typo = Prior entry date should read "24 JAN 2016", and not 26 JAN 2016 * * *
Note
26 JAN 2016 - Chart Update / Tech-Note:
Price rose to 0.72587 as forecast retraced, no receding from that structural level ... Still expecting price to follow dashed forecast ... 0.68480 remains the lowest expected support, although a reversal to the UP-side at a higher level remains probable. So, use these parameters as R/S levels:
Overall targets remains intact.
David Alcindor
David Alcindor
Note
02 FEB 2016 - Chart Update / Tech-Note:
Forecast remains true and precise, with a recent consolidation occurring along the 1-4 Line as expected.
Predictive/Forecasting Model calls for a limited decline before another push. Expect this to represent a time-consumptive event, as pre-defined by the dashed arrow.
Best practice would be to wait for a BACA > 0.72587 as a signal of bullish reprise towards the bullish targets:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.