$BP vs. $USD Maintains Model's Bearish Tack | #BOE $EUR #forex

Predictive/Forecasting Model refined the original target from 1.44396 (defined on April 10th) to now the following qualitative targets:

1 - TG-Lo = 1.45041 - 21 APR 2015

and

2 - TG-Lox = 1.44341 - 21 APR 2015

For the record, following is the former target:


(Source:

)

From a market geo viewpoint, a nascent geometry is likely to cap the current rally to a level that will probably remained below the recent structural high (YELLOW star).

Note that Point-4 is only speculative at this point (RED star), as price continues to negotiate its way up along a possible "tunneling", through which 1-4 Line would tend to traverse. This tunneling is aided by the internal Geo Anchor" which typically occurs at the inflection along the 2-3 leg.


OVERALL: Bearish. Invalidation would occur upon breaching the parallel of the 1-3 Line off of Point-2 (not shown in the chart, but it should remain apparent that this geo demands that 1-3 and 2-4 Lines be ipsi-directional and convergent.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


-----
Twitter:
4xForecaster

LinkedIn:
David Alcindor
-----

.