This week (2017.07.31) is the minimum end time of 231D time span or D area (Black), which based on the historical approach of the previous chart this area tends to be a Construction or Collapse area. By approximate time span, this D area will expire on 2017.09.11 (maximum) along with the expiration of 427D time span or E area that tends to be a Test area.
The question is whether $1205 is valid will become a Bottom ? I think nobody knows for sure.
Based on my main chart above, the maximum time span of D area and E area still remain until 2017.09.11, but according to this chart approach, $1205 has the potential to be a Bottom. If it is damaged then Bottom probably will be in August 2017.
If $1205 becomes a bottom, then based on the history of the previous chart (Behind The Scenes Of 77D & 63D), the price will tend to climb up to 77 days (minimum) or up to 2017.09.18, where this date is closely to 2017.09.11.
Again this week the price is faced with the NFP, the bull should be able to withstand the bottom defense around $1252 and if this NFP can bring the price above $1272/82 (min) and $1305/15 (max) then in my opinion, the bull has potential to bring the price higher in the second half of 2017, by looking that the prices has passed the Long Down Trend Line 2011.
Now... i am waiting what will NFP will bring.
--oOo-- From The Desk Of Nubie --oOo--
The question is whether $1205 is valid will become a Bottom ? I think nobody knows for sure.
Based on my main chart above, the maximum time span of D area and E area still remain until 2017.09.11, but according to this chart approach, $1205 has the potential to be a Bottom. If it is damaged then Bottom probably will be in August 2017.
If $1205 becomes a bottom, then based on the history of the previous chart (Behind The Scenes Of 77D & 63D), the price will tend to climb up to 77 days (minimum) or up to 2017.09.18, where this date is closely to 2017.09.11.
Again this week the price is faced with the NFP, the bull should be able to withstand the bottom defense around $1252 and if this NFP can bring the price above $1272/82 (min) and $1305/15 (max) then in my opinion, the bull has potential to bring the price higher in the second half of 2017, by looking that the prices has passed the Long Down Trend Line 2011.
Now... i am waiting what will NFP will bring.
--oOo-- From The Desk Of Nubie --oOo--
