$PPLT Nears Cycle Completion At Geo's 5' | #platinum $XPT $XAU

2015年7月21日Friends,

A quick synopsis on this metal, coming to a cycle completion of the Geo:





1 - Price hit Predictive/Forecasting Model's qualitative target, defined at 98.27 on June 22nd;

2 - A "Warning Level" at this institutional weekly level may offer solid support and ground for reversal, here defined at 91.98;

3 - A large geometry defined by the "Geo" meets the following conditions:
a -- 1-2 Leg integrates a reciprocal ab = cd symmetry
b -- 2-3 Leg completes a complex Elliott Wave zig-zag (here, a IMP-COR-IMP is drawn in)
c -- 3-4 Leg completes a simpler Elliott Wave zig-zag ("ZZ") than 2-3 Leg
d - 4-5 Leg completes a simplest ZZ
e -- A permissive Tunneling lets a 1-4 Line through the geometry
f -- Transposition of 2-4 Line offers a point of repose for Point-5-prime (5')

If and once a reversal occurs in the 91.98 ("Watch Level") vicinity, look for a possible reversal to a price level corresponding to Point-4, as per Geo's Off-Set Rule.


OVERALL:
Confluence of Predictive/Forecasting Model's target at 91.98 and Geo's 5' is likely to impact price. Whether of not this should suffice to reverse price will have to be appreciated over an unusually longer period. However, Forex traders might want to keep this metal in mind, as we are also looking at XAU and gold-sensitive sovereign currencies, such as AUD, CCAD and CCHF, and to some lesser extent NZD.

In other words, a rallying in XPTUSD may be occurring at these defined levels, heralding a possible reversal in the class of precious metals - See recent target hit on XPTUSD: tradingview.com/chart/XPTUSD/FHkYfsov.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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