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INVN

$INVN - Bears Weave Wolfe Wave | #NYSE #fibonacci $AAPLFriends, Re: $INVN: ---------- 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: www.google.com ) ---------- Just released on social media: ---------- From Twitter/LinkedIn: $INVN remains under bearish pressure; Predictive Model still on track, eyeing 13.23, bulls await at 12.78: $AAPL ---------- 2-day Chart as of this closing (19 JUN 2015) : 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 ----- Twitter: @4xForecaster LinkedIn: David Alcindor ----- .
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