The Mini Launch Pad has successfully brought the Bull conquered $1795 High 2012 and $1920 High 2011 in Year Of 2020 as expected. now we have the time remaining 5 months more until The End of 2020.
From The Balanced Time Pattern Chart Approach with A Sign Of Back To The Top which I have published before (please see this chart : //s3.amazonaws.com/tradingview/snapshots/5/5qMUjnnP.png), and seeing the status of current price movements already above 2011 & 2012 High, then the closest pattern is The Giant Scoop Pattern, where The Balanced Time Pattern will end at The Year End Of 2020, with The Final Peak Price Being in Year Of 2022/23.
Could The Bull Market Be Able To Continue Until 2022/23 ?
In the previous analysis, I have also published a pattern history that illustrates each patterns in the description and this is the history of the pattern that I have updated (please see this chart : //s3.amazonaws.com/tradingview/snapshots/l/LKwgs6cF.png) and this is the latest chart from the history of the pattern, where the Pink Line #1 was conquered by The Bull in July 2020 where I have replaced the Pink Line #1 with the Green Line #6 (please see this chart : //s3.amazonaws.com/tradingview/snapshots/n/NjwGfsLx.png).
With reference to The Giant Scoop Pattern Approach whose peak price is predicted to end in 2022/23, then in my perspective for Year Of 2021, the High Price Of 2021 at least must be above 2020 High and if this fails, then it is estimated that the correction in prices will re-occur until 2023/24.
My Perspective Until The End Of 2020 (5 Months Remaining Ahead)
The Time Span Of The Mini launch Pad will end on August, 17 2020 (plus minus 1 week), this means that a correction in the price is likely to occur soon. If a correction occurs, then based on the following chart approach the estimated time to re-long is September ,14 2020 (please see this chart : //s3.amazonaws.com/tradingview/snapshots/r/RX6Df1xU.png), or based on the main chart above is 19 October 2020 (plus minus 1 week).
Who Knows ?
Let's enjoy a cup of coffee on the balcony
ooOoo From The Desk Of NewBie ooOoo
From The Balanced Time Pattern Chart Approach with A Sign Of Back To The Top which I have published before (please see this chart : //s3.amazonaws.com/tradingview/snapshots/5/5qMUjnnP.png), and seeing the status of current price movements already above 2011 & 2012 High, then the closest pattern is The Giant Scoop Pattern, where The Balanced Time Pattern will end at The Year End Of 2020, with The Final Peak Price Being in Year Of 2022/23.
Could The Bull Market Be Able To Continue Until 2022/23 ?
In the previous analysis, I have also published a pattern history that illustrates each patterns in the description and this is the history of the pattern that I have updated (please see this chart : //s3.amazonaws.com/tradingview/snapshots/l/LKwgs6cF.png) and this is the latest chart from the history of the pattern, where the Pink Line #1 was conquered by The Bull in July 2020 where I have replaced the Pink Line #1 with the Green Line #6 (please see this chart : //s3.amazonaws.com/tradingview/snapshots/n/NjwGfsLx.png).
With reference to The Giant Scoop Pattern Approach whose peak price is predicted to end in 2022/23, then in my perspective for Year Of 2021, the High Price Of 2021 at least must be above 2020 High and if this fails, then it is estimated that the correction in prices will re-occur until 2023/24.
My Perspective Until The End Of 2020 (5 Months Remaining Ahead)
The Time Span Of The Mini launch Pad will end on August, 17 2020 (plus minus 1 week), this means that a correction in the price is likely to occur soon. If a correction occurs, then based on the following chart approach the estimated time to re-long is September ,14 2020 (please see this chart : //s3.amazonaws.com/tradingview/snapshots/r/RX6Df1xU.png), or based on the main chart above is 19 October 2020 (plus minus 1 week).
Who Knows ?
Let's enjoy a cup of coffee on the balcony
ooOoo From The Desk Of NewBie ooOoo
