Target hit Dead-On; Expecting Reversal | $BTC #bitcoin #forex
Traders,
Following a protracted consolidation, price finally came down to hit the forecast target on the nose. Target-low was defined on July 26th as "Tg-Lo = 568.22 - 26 JUL 2014".
In the recent analyses, I reminded the traders that all numerical targets (i.e.: TG-1, TG-2, ... etc) tend to act as step-wise points along a reactionary pathway, typically during an interim reversal. However, non-numerical targets such as the predefined TG-Hi and TG-Lo appear as the lowest probability target (i.e.: it would take price a considerable and less likely amount of "force" to reach these levels), but IF and once reached, they would tend to act as reversal levels.
Hence, expect the current level reached, exactly at TG-Lo = 568.22 (electronic data = 568.00), to act as a probable level of reversal.
I will unplug for a little while until a resolute trend emerges out of this situation - For this reason, I will keep the directional indicator as "Neutral".
Appreciate your kind following and friendly referral among other traders.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
--------------------
Twitter signals: 4xForecaster
Archives of signals: bit.ly/16JMnH8
--------------------
Following a protracted consolidation, price finally came down to hit the forecast target on the nose. Target-low was defined on July 26th as "Tg-Lo = 568.22 - 26 JUL 2014".
In the recent analyses, I reminded the traders that all numerical targets (i.e.: TG-1, TG-2, ... etc) tend to act as step-wise points along a reactionary pathway, typically during an interim reversal. However, non-numerical targets such as the predefined TG-Hi and TG-Lo appear as the lowest probability target (i.e.: it would take price a considerable and less likely amount of "force" to reach these levels), but IF and once reached, they would tend to act as reversal levels.
Hence, expect the current level reached, exactly at TG-Lo = 568.22 (electronic data = 568.00), to act as a probable level of reversal.
I will unplug for a little while until a resolute trend emerges out of this situation - For this reason, I will keep the directional indicator as "Neutral".
Appreciate your kind following and friendly referral among other traders.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
--------------------
Twitter signals: 4xForecaster
Archives of signals: bit.ly/16JMnH8
--------------------
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