COULD $1308/$1287 SURVIVE ?
Since the $1375 High 2016.07.04, price still trapped under 2011 Descending (2), and during the period of 11 weeks (77D) looks seems that prices move in the consolidation, because it seems like there has been no Sell Off action when prices deterred by the 2011 Descending . This seems similar to the price movements when the price will go through 1307 High 2015.01.19, starting consolidation from February 2016 until April 2016 (1).
If the consolidation movement that came to play, then the movement tends to form Pattern, with an Upward Breakout Estimated are at the Week 11 (2016.09.19). If this is true, then the Phase-3 is likely to be the same as the Phase-1.
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