The current price is still moving within 77D Time Span and still moving above $1262/72, where based on my view, bull still has time to re-test $1300, referring to this Bullish Construction Chart approach.
Since the Beginning Of Bear Market (2012/2013) and since the Beginning Of Bull Market (2016), I see that the Yearly Low tends to be recorded at 77D Time Span, except in 2015 where the Yearly Low ($1046) is recorded in the 63D Time Span, where based on my view point, year of 2015 ($1046) tends to be the End Of Bear Market. Although this is not always true, but based on the chart approach at least it has shown that possibility.Therefore, if year of 2016 ($1046 - $1122) is the Beginning Of Bull Market, then with the formation of "Bullish Construction" ideally bull can conquer $1300.
Below is a $ chart as a comparison:
1. Currently $ is at a critical level and has a Similar Chart and the price movement is under a Steeper Slope.
2. The Chart Pattern Formed In $ is similar to the following Chart Pattern Of 2012 - 2013.
3. Another chart pattern formed in $ indicates a Break Down potential, if referring to the same pattern.
We are at a crossroads, $1262/72 can survive several times and should survive for the next few days and below $1262/72 may be invalidation.
--ooOoo-- From The Desk Of Newbie --ooOOoo--
Since the Beginning Of Bear Market (2012/2013) and since the Beginning Of Bull Market (2016), I see that the Yearly Low tends to be recorded at 77D Time Span, except in 2015 where the Yearly Low ($1046) is recorded in the 63D Time Span, where based on my view point, year of 2015 ($1046) tends to be the End Of Bear Market. Although this is not always true, but based on the chart approach at least it has shown that possibility.Therefore, if year of 2016 ($1046 - $1122) is the Beginning Of Bull Market, then with the formation of "Bullish Construction" ideally bull can conquer $1300.
Below is a $ chart as a comparison:
1. Currently $ is at a critical level and has a Similar Chart and the price movement is under a Steeper Slope.
2. The Chart Pattern Formed In $ is similar to the following Chart Pattern Of 2012 - 2013.
3. Another chart pattern formed in $ indicates a Break Down potential, if referring to the same pattern.
We are at a crossroads, $1262/72 can survive several times and should survive for the next few days and below $1262/72 may be invalidation.
--ooOoo-- From The Desk Of Newbie --ooOOoo--
