As my previous analysis, I put $1272/62 as a barrier and estimate $1205 as the bottom for July 2017 and the prices potentially higher in the second half of 2017. The possibility the price higher in the second half of 2017 is possible, if it refers to the approach of Golden Cross Level Maturity. Although this is not always correct, but this approach needs to be considered, because by an approach the price will return go correction after the 182th day or around the date of 2017.11.21. some cases of research are when the prices are at S1375 High 2016 and the forecast of Golden Cross 2017 and currently it's estimated that the price will move up to complete 182D, if referring to This Approach.
Last week (2017.08.28), $1300 has been breached and price soared and closed around $1326, interpreting for me that Bullish Construction constructed by the bulls is correct and gives the meaning that $1200 has full meaning within 77D Time Span ($1205 potentially as a bottom) and $1375 High 2016 tends to be re-tested, after the test of $1122 Low 2016, by the Bears failed at $1205.
From my main chart above, shows that the expiration remaining time of 231D Time Span or Area D is 2 weeks away (2017.09.11), concurrent with the minimum of 427D Time Span or Area E, but seen there are 77D + 63D Hidden Time Span, where the 77D Time Span will expire on 2017.09.18 and 63D Time Span on 2017.11.27, adjacent to 182D Golden Cross Level Maturity (2017.11.21). However I will wait, where the price stops at the 77th day (2017.09.18).
Can the Bulls conquer $1337 within the 77D Time Span and then test the $1375 High 2016 ?
I think as long as the price does not move below $1308/$1288, the bull will be able to finish 77 days, at least to test $1365/75
Again this week bull encountered with NFP, where the price will go ?
According to my view point, the monthly closing price at $1320, and the weekly at $1326 shows the current trend is very bullish, in line with the broken out the Long Downtrend Line 2011.
I don't know its still correct or not, however the market is a determinant.
--ooOoo-- From The Desk Of NewBie --ooOoo--
Last week (2017.08.28), $1300 has been breached and price soared and closed around $1326, interpreting for me that Bullish Construction constructed by the bulls is correct and gives the meaning that $1200 has full meaning within 77D Time Span ($1205 potentially as a bottom) and $1375 High 2016 tends to be re-tested, after the test of $1122 Low 2016, by the Bears failed at $1205.
From my main chart above, shows that the expiration remaining time of 231D Time Span or Area D is 2 weeks away (2017.09.11), concurrent with the minimum of 427D Time Span or Area E, but seen there are 77D + 63D Hidden Time Span, where the 77D Time Span will expire on 2017.09.18 and 63D Time Span on 2017.11.27, adjacent to 182D Golden Cross Level Maturity (2017.11.21). However I will wait, where the price stops at the 77th day (2017.09.18).
Can the Bulls conquer $1337 within the 77D Time Span and then test the $1375 High 2016 ?
I think as long as the price does not move below $1308/$1288, the bull will be able to finish 77 days, at least to test $1365/75
Again this week bull encountered with NFP, where the price will go ?
According to my view point, the monthly closing price at $1320, and the weekly at $1326 shows the current trend is very bullish, in line with the broken out the Long Downtrend Line 2011.
I don't know its still correct or not, however the market is a determinant.
--ooOoo-- From The Desk Of NewBie --ooOoo--
