$XAG vs. $USD Rests At Bullish Entrenchment; Eyes 17.564 | $SLV
2150
Friends,
Watch for potential rally into the 17.564/17.757 range per Geo's Off-Set Rule, as price defined a higher-low structure into the bullish entrenchment - See following chart:
Look for commodity-sensitive currencies, such as AUD, NZD, CNH and correlated leaders such as XAU, XPT charts (posted earlier this week) for supportive hints in terms of similar directional biases.
Background geometry at play is the Geo, as implied by above Off-Set Rule, whereas the Predictive/Forecasting Model remains quiet at this time.
OVERALL:
Bullish bias to 17.564/17.757 range as Geo=based targets.
Best,
David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA
As price finally rose to the 17.564/17.757 range, we are now looking at a potential reversal, given the following upper and lower risks - The upper value represents the most proximal value anticipated to hit first, whereas the lower value represents the target at reversal:
Invalidation should occur with the development of a bullish impulse pushing price steadily higher. In which case, a new analysis to the upside would be required.
Best,
David Alcindor, CMT Affiliate #227974 - Alias: 4xForecaster (Twitter)