#linesofforce

If you were watching you might have noticed a nice run earlier this morning in the price of STEEM. Happened right after a little tap down around the new Short Term 0 line yesterday. Both of these are about

Ninety-nine percent (99%) of the time, LOF Fall Channel EXITs correctly indicate the time Price will move through a level on the model. Against what some might consider impossible odds, the LOF model predicted

The current Fall Channel (magenta) indicates an EXIT on Sunday around 3.18USD. Hard to tell which set of forces is actually controlling Price right now. Larger Image The forces in Black have been present

The model shows that STEEM has risen into the final edge of the Extended Fall Channel only to be rejected and sent back to the lower rail of the April Fast Track. The full model shows a new Peak Resistance

From its bottom set on April 1 at 1.32, STEEM has been on a nice stair-stepping tear throughout April, more than doubling in price since then. Larger Image On our model we see Price has reclaimed its place

Over three months of modeling STEEM, the models have proven uncannily accurate, repeatedly indicating precisely when Price will trade through a plotted point known as an EXIT. Jan13 I started this series

If you love steem, it's hard to be happy about the price action over the past week. Or the past two months, for that matter. Last time you'll recall I said that this past week was "Crunch Week".

As noted in my last post, we had a chance to revisit the lower rail of the Extended Fall Channel and as seen below, that is exactly what we did. We needed to close above the line LT1, but the best we could

The Model Is Confirmed Price passed through each of the three EXITS as indicated in the model, on schedule at the levels expected. This model shows clearly the power of using Lines Of Force as a method

Quick update from Friday's model. Price moved through the first EXIT on schedule (blue circle). Some changes were made to the model since Friday. As I studied the model I discovered that I may have misplaced

ON 2/22 PRICE CLOSED BELOW THE LOWEST POSSIBLE TRENDLINE (ST0) FROM THE TREND WHICH DEVELOPED IN LATE NOVEMBER. THE EYE WINS FOR NOW. REMEMBER WHEN MODELING LINES OF FORCE, THE EYE WILL ALWAYS TRY TO PUSH

NOTE: ONLY THE FALL CHANNEL LINES HAVE BEEN ADDED TO THIS MODEL SINCE JAN26, 2018. EXIT OCCURRED FEB 6. CURRENT MODEL OF STEEM/USD AS OF FEB 15. Larger Image PEAK EYE IDENTIFIED ON JAN 26 IS CONFIRMED.