AN ATTEMPT TO BREAK $1375 SCENARIO (CLOSING PART)
BUILDING THE LEG TO MOVE HIGHER
In the previous analysis entitled "An Effort to Break the $ 1375 Scenario (Part # 1)" , I had estimated in scenario #2 that $1375 tended to be conquered by bulls in 2019, as long as End of May 2019 prices can remain above $1260 and finally bulls can conquer $1375 Bear Market Wall and bring prices to the level of $1439 before Q2-2019 [/b ] ends.
Now The Question Is Whether This Conquest Is Valid Or Not ?
In my technical view, based on Closing Prices Above $1375 For 3 Consecutive Weeks Since It Recorded $1439 High, In General It Has Signaled That The Breakout Is Valid. Only if it closes below $1375, will structurally cancel further increases, because the bulls must be able to maintain $1375/80 up to End of July 2019.
If the Bull can maintain $1375/80, then based on the above Time Chart Approach, prices will continue to rise until Sept 2019, but if prices can be closed below $1375, it is estimated that prices will decline until Sept 2019 and may continue until Dec 2019. I see that the closest price movement pattern for now is the pattern on labels 5.1, 2 and 3.
Jul 29, 2019 is a very important week to start the next price movement.
ooOoo From The Desk Of NewBie ooOoo
In the previous analysis entitled "An Effort to Break the $ 1375 Scenario (Part # 1)" , I had estimated in scenario #2 that $1375 tended to be conquered by bulls in 2019, as long as End of May 2019 prices can remain above $1260 and finally bulls can conquer $1375 Bear Market Wall and bring prices to the level of $1439 before Q2-2019 [/b ] ends.
Now The Question Is Whether This Conquest Is Valid Or Not ?
In my technical view, based on Closing Prices Above $1375 For 3 Consecutive Weeks Since It Recorded $1439 High, In General It Has Signaled That The Breakout Is Valid. Only if it closes below $1375, will structurally cancel further increases, because the bulls must be able to maintain $1375/80 up to End of July 2019.
If the Bull can maintain $1375/80, then based on the above Time Chart Approach, prices will continue to rise until Sept 2019, but if prices can be closed below $1375, it is estimated that prices will decline until Sept 2019 and may continue until Dec 2019. I see that the closest price movement pattern for now is the pattern on labels 5.1, 2 and 3.
Jul 29, 2019 is a very important week to start the next price movement.
ooOoo From The Desk Of NewBie ooOoo
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.