WELCOMED THE ARRIVAL OF THE NEW BULL MARKET (CLOSING PART)
Get Ready To Book A Flight Seat
In the previous analysis I expect prices to move below $1480/70 until December 2019 if the level can be conquered by Bears, and until now the price is still moving below that level.
In my main chart above, it can be seen that the fastest buying opportunity is expected to start on Dec 23, 2019 or within a time span of 42 Days (from Dec 23, 2019 up to Feb 03, 2020). Following is the chart approach to the fastest estimate on Dec 23, 2019 (plus minus 1 week). Please copy and paste this link to your browser : s3.amazonaws.com/tradingview/snapshots/o/O6sKOQF5.png. From this chart approach shows that in the next 1 or 2 weeks, ideally prices can close above $ 1480/86, which can be a continued bullish signal.
What If It's Late ?
From this chart approach, (please copy and paste this link to your browser : s3.amazonaws.com/tradingview/snapshots/k/KXGoSKf9.png) shows that 2020 is the year of determination for continued bullish, at least the closing prices at the end of 2019 can be closed above 2016 High. If you look at the pink lines #1, #2, #3. #4 and #5, in my view they are all the same pattern. Pink line #1, #2, #3 and #4 look like bull have never been able to conquer the high prices of it patterns, only pattern #5 bull can pass the High Prices of 2018 ($1365) and 2016 ($1375) and then test the pink line #1 for the Low Price of 2011 ($1522) and the Low Price of 2012 ($1526). Therefore if after testing the pink line #1 and the price close below 2016 High ($1375) or 2018 High ($1365), then in my view the pattern of price movements will be like the pattern of price movements in pattern #2 and #3. For this case then in my view, the market will be neutral and tend to be bearish, but if I look at a number of Bottom Price, the Bottom Price often occur in December, where this approach is the same as the main chart above, and right now it looks like the time for the bull to fight back to conquer $1522/26 and High 2019 at $1556.
Flight Seat Reservations
Based on my chart approach, for this flight i have occupied seat no. 1450 and in reservation for seats no. 1425, 1415 and 1405, but if it applies differently at FOMC on Dec 12, 2019, then I will add my orders to the seat no. 1480 and 1490 (depending on the situation).
Let's see what will happen again at FOMC this time.
--ooOoo-- From The Desk Of NewBie --ooOoo--
In the previous analysis I expect prices to move below $1480/70 until December 2019 if the level can be conquered by Bears, and until now the price is still moving below that level.
In my main chart above, it can be seen that the fastest buying opportunity is expected to start on Dec 23, 2019 or within a time span of 42 Days (from Dec 23, 2019 up to Feb 03, 2020). Following is the chart approach to the fastest estimate on Dec 23, 2019 (plus minus 1 week). Please copy and paste this link to your browser : s3.amazonaws.com/tradingview/snapshots/o/O6sKOQF5.png. From this chart approach shows that in the next 1 or 2 weeks, ideally prices can close above $ 1480/86, which can be a continued bullish signal.
What If It's Late ?
From this chart approach, (please copy and paste this link to your browser : s3.amazonaws.com/tradingview/snapshots/k/KXGoSKf9.png) shows that 2020 is the year of determination for continued bullish, at least the closing prices at the end of 2019 can be closed above 2016 High. If you look at the pink lines #1, #2, #3. #4 and #5, in my view they are all the same pattern. Pink line #1, #2, #3 and #4 look like bull have never been able to conquer the high prices of it patterns, only pattern #5 bull can pass the High Prices of 2018 ($1365) and 2016 ($1375) and then test the pink line #1 for the Low Price of 2011 ($1522) and the Low Price of 2012 ($1526). Therefore if after testing the pink line #1 and the price close below 2016 High ($1375) or 2018 High ($1365), then in my view the pattern of price movements will be like the pattern of price movements in pattern #2 and #3. For this case then in my view, the market will be neutral and tend to be bearish, but if I look at a number of Bottom Price, the Bottom Price often occur in December, where this approach is the same as the main chart above, and right now it looks like the time for the bull to fight back to conquer $1522/26 and High 2019 at $1556.
Flight Seat Reservations
Based on my chart approach, for this flight i have occupied seat no. 1450 and in reservation for seats no. 1425, 1415 and 1405, but if it applies differently at FOMC on Dec 12, 2019, then I will add my orders to the seat no. 1480 and 1490 (depending on the situation).
Let's see what will happen again at FOMC this time.
--ooOoo-- From The Desk Of NewBie --ooOoo--
