A WATCHFULL FOR THE TESTING OF $1350/75 (TIMELINE REVISION)
The Time Line in my previous analysis that I estimated fell in the week 04.02.2019 changed to 11.02.2019 (plus minus 1 week) as seen in the Main Chart above and the following Chart and this Chart. If in the Next 2 Weeks the price can be closed above $1326 or move consistently at a minimum above $1312/22, then the Bull has a chance to record higher price until the week of 18.03.2019 (plus minus 1 week), but if prices close below $1298/88 most likely correction will occur up to 18.03.2019 (plus minus 1 week).
In my previous technical view, I estimated that The Long-term Bear Market had ended in 2015 with the identification of $1122 Low 2016 not lower than $1046 Low 2015, as this Chart approach. this price of $1046 Low 2015 is very close to Fibonacci 0.62.
0.62 * ($1921 - $252) = $1035
In my technical view, $1350/75 is a very important level, and now it’s looks like the Bull is getting ready to test $1350/75 if it can maintain $1298/88 (the worst case is above $1275). If the breakout materializes in Q1-2019, it is likely that a massive movement in prices will occur and My Target for 2019 is $1450/$1550. However, if the breakout fails to materialize in Q1-2019, it is likely that the testing of $1350/75 in Q2-2019 will be delayed, because it is estimated that correction or consolidation will occur until May 2019 or until July 2019 (the chart will be updated after 11.03.2019).
--ooOoo-- From The Desk Of NewBie --ooOoo--
In my previous technical view, I estimated that The Long-term Bear Market had ended in 2015 with the identification of $1122 Low 2016 not lower than $1046 Low 2015, as this Chart approach. this price of $1046 Low 2015 is very close to Fibonacci 0.62.
0.62 * ($1921 - $252) = $1035
In my technical view, $1350/75 is a very important level, and now it’s looks like the Bull is getting ready to test $1350/75 if it can maintain $1298/88 (the worst case is above $1275). If the breakout materializes in Q1-2019, it is likely that a massive movement in prices will occur and My Target for 2019 is $1450/$1550. However, if the breakout fails to materialize in Q1-2019, it is likely that the testing of $1350/75 in Q2-2019 will be delayed, because it is estimated that correction or consolidation will occur until May 2019 or until July 2019 (the chart will be updated after 11.03.2019).
--ooOoo-- From The Desk Of NewBie --ooOoo--
