Since $ 1260 is recorded as a low for October (2017.10.02), the price continues to moves sideways for 1 1/2 months and this week's trading session (2017.11.20) is the end of 63D Time Span, where the FOMC Meeting is waiting. Would the Bulls be able to push the price up or the Bears be able to push the prices down, like the previous year, as shown in this Suspicious Chart ?
From that sideways movement, I see that the Bulls seems to be building a Bullish Construction, where the sideways movement within this 63D Time Span is almost the same as the sideways movement when the price moves within 63D Time Span, when $1046 Yearly Low 2015 occurs.
From the First Pattern and the Second Pattern chart approaches, it is seen this week's trading session (2017.11.20) has a full sense that it is likely that prices will move up with the defensive levels 1282, 1272 and 1262. At least the Bull should be able to conquer $1308 to be able to push the price more high.
Could The Bulls Make It Past The Third Intersection ?
--ooOoo-- From The Desk Of Newbie --ooOoo--
From that sideways movement, I see that the Bulls seems to be building a Bullish Construction, where the sideways movement within this 63D Time Span is almost the same as the sideways movement when the price moves within 63D Time Span, when $1046 Yearly Low 2015 occurs.
From the First Pattern and the Second Pattern chart approaches, it is seen this week's trading session (2017.11.20) has a full sense that it is likely that prices will move up with the defensive levels 1282, 1272 and 1262. At least the Bull should be able to conquer $1308 to be able to push the price more high.
Could The Bulls Make It Past The Third Intersection ?
--ooOoo-- From The Desk Of Newbie --ooOoo--
