The price movement has just come out from 63D time span and this week (2017.04.24) according to my view point is the deciding week, whether the bull will be able to hit $1305/10 or the bear will conquer the bull (everything can happen depending on what will be given by the market).
The first level to be watched is $1270/60, if the bear can conquer the bull, then bulls should be able to maintain $1195/80 until the end of June 2017, but if the bull can hit $1305/10, then bulls have an opportunity to push back the prices until the end of June or July 2017.
Refers to this 2012 & 2016 pattern, seen there are a little bit difference where in 2012 pattern, bull can not push the price above 0.50 Fibonacci, but in the other side in 2016 pattern, bull can push the price above 0.50 Fibonacci.
This is indeed a very long journey
---oOo--- From The Desk Of Nubie ---oOo---
The first level to be watched is $1270/60, if the bear can conquer the bull, then bulls should be able to maintain $1195/80 until the end of June 2017, but if the bull can hit $1305/10, then bulls have an opportunity to push back the prices until the end of June or July 2017.
Refers to this 2012 & 2016 pattern, seen there are a little bit difference where in 2012 pattern, bull can not push the price above 0.50 Fibonacci, but in the other side in 2016 pattern, bull can push the price above 0.50 Fibonacci.
This is indeed a very long journey
---oOo--- From The Desk Of Nubie ---oOo---
