Price will mimic early 2019 before breaking higher into new ATHs in 2020.
From current price, we should slowly continue higher till around 9800 when price should reverse downward.
Price will then re-test lower support (X)
before re-testing upper resistance (Y)
Price will continue consolidation before a full breakout (Z)
Projected 50 day Moving Average will provide support.
This will mirror early 2019 50 MA
From current price, we should slowly continue higher till around 9800 when price should reverse downward.
Price will then re-test lower support (X)
before re-testing upper resistance (Y)
Price will continue consolidation before a full breakout (Z)
Projected 50 day Moving Average will provide support.
This will mirror early 2019 50 MA