Until now, prices are still hovering above the $1920 of 2011 High, the bulls haven't been able to reconquer the $1965 after recorded the $2075 of August 2020 High and the bears haven't been able to conquer the $1910 too. If according to the time span, it looks like the bulls spent to the bears time to go under $1900.
Why ?
Based on my previous analysis, I estimate that the week of Sept 14, 2020 or Sept 28, 2020 (plus / minus 1 week) is a time to consider to buying and now we are entering the week of Sept 14, 2020. If you look at the estimate of time span, it started last week until Sept 28, 2020 is a consecutive time span (//s3.amazonaws.com/tradingview/snapshots/w/WUYeOPHh.png).
Therefor if there is a close above $1950/60, then the bulls will retest the $2075 of August 2020 High. but if there is a close below $1920/10 (worst case under $1875), then the decline is likely to continue until Oct 19, 2020 (//s3.amazonaws.com/tradingview/snapshots/h/Hk9Vn8xI.png).
Let's take a look at the reactions of the bulls and bears in this successive time span.
ooOoo From The Desk Of NewBie ooOoo
Why ?
Based on my previous analysis, I estimate that the week of Sept 14, 2020 or Sept 28, 2020 (plus / minus 1 week) is a time to consider to buying and now we are entering the week of Sept 14, 2020. If you look at the estimate of time span, it started last week until Sept 28, 2020 is a consecutive time span (//s3.amazonaws.com/tradingview/snapshots/w/WUYeOPHh.png).
Therefor if there is a close above $1950/60, then the bulls will retest the $2075 of August 2020 High. but if there is a close below $1920/10 (worst case under $1875), then the decline is likely to continue until Oct 19, 2020 (//s3.amazonaws.com/tradingview/snapshots/h/Hk9Vn8xI.png).
Let's take a look at the reactions of the bulls and bears in this successive time span.
ooOoo From The Desk Of NewBie ooOoo
