THE BOTTOM OF PRICE IS ALREADY SETTLED FOR YEAR OF 2018 (PART#3)
The price stuck below $1236 and then selling pressure came until the price fell to the level of $1195 on the weekly session 05.11.2018 and plus 1 week, giving an opportunity for the $1195 level to be Nov 2018 Low and according to my previous analysis, it is likely that prices will move up again towards weekly 03.12.2018 plus minus 1 week, as the following chart approaches.
When viewed from that chart, the bottom setting for The Year End, usually occurs in November or December, but according to my technical view the bottom for this year is in August 2018 ($1160 August 2018 Low), for this reason it is necessary to watch out for the $1195 November 2018 Low. If the price can be closed below $1195/85 it is likely that the bottom will be recorded in December 2018, which is expected to fall on 03.12.2018 or 24.12.2018 plus minus 1 week.
Therefore, ideally price should be able to move consistently above $1236 Dec 2017 Low, for further bullish confirmation.
--ooOoo-- From The Desk Of NewBie --ooOoo--
When viewed from that chart, the bottom setting for The Year End, usually occurs in November or December, but according to my technical view the bottom for this year is in August 2018 ($1160 August 2018 Low), for this reason it is necessary to watch out for the $1195 November 2018 Low. If the price can be closed below $1195/85 it is likely that the bottom will be recorded in December 2018, which is expected to fall on 03.12.2018 or 24.12.2018 plus minus 1 week.
Therefore, ideally price should be able to move consistently above $1236 Dec 2017 Low, for further bullish confirmation.
--ooOoo-- From The Desk Of NewBie --ooOoo--
