$INVN - Bears Weave Wolfe Wave | #NYSE #fibonacci $AAPL

Friends,

Re: INVN:
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InvenSense Inc. is the provider of the MotionTracking™ sensor system on chip for consumer electronic devices such as smartphones, tablets, wearables, gaming devices, optical image stabilization, and remote controls for Smart TVs.
(Source: google.com/search?q=INVN&ie=utf-8&oe=utf-8 )
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Just released on social media:
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From Twitter/LinkedIn:
INVN remains under bearish pressure; Predictive Model still on track, eyeing 13.23, bulls await at 12.78:



AAPL
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2-day Chart as of this closing (19 JUN 2015)
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MARKET GEOMETRY:

- WOLFE WAVE:
Price is weaving a nascent 5-point Wolfe Wave geometry ("WW"), with recent lower-high structure likely representing Point-4 of the WW. If this geometry holds, then look for further decline of price to a level along the 1-3 Line.

- THE GEO:
An alternative geometry arises from the "Geo", with "Tunneling" and "Geo Anchor" requirements being met. A decline to the foreground Model-defined targets would allow the Geo to attain a 5-prime or 5-second adverse excursion relative to the WW's 1-3 Line, in which case, the OffSet Rule would apply and this target a reversal to the price level of Point-4, and not the 1-4 Line as the WW would have it (the former representing the highest probability attainment from a 5-prime position, or to the price level corresponding to Point-3 if reversing from a 5-second locus - i.e.: OffSet Rule of the Geo).


PREDICTIVE/FORECASTING MODEL:
Predictive/Forecasting Model defined the following two qualitative targets:

1 - TG-Lo = 13.23 - 21 MAY 2015

and

2 - TG-Lox = 12.78 - 21 MAY 2015

These targets stand at the foreground of the analysis, whereas the aforementioned geometries are supportive visual data that have a high-correlative history with this proprietary model.


OVERALL:

Expect further downside to the level defined by the Predictive/Forecasting Model, further incorporate by the geometries. An additional technical data is offered by the 0.786-Fibonacci contraction, a level that closely aligns with the Model's lowest bearish target ("TG-Lox").

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Twitter:
4xForecaster

LinkedIn:
David Alcindor
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