THE LAST CALL FOR THE LAST MONTH OF THE YEAR (PART# 1)
$1875 was tested within the Time Span, but the bulls were unable to break above and the bears chased the bulls again until the price fell back to the $1760 level.
It's time to see the remaining time.
In the previous analysis through the main chart above, I have explained that the pattern of price movement in 2020 - 2021 is almost the same as the pattern in 2011 - 2012. If you look at the Time Span Of 2011 - 2012 ends in September 2012, and the pattern of the Time Span Of 2020 - 2021 ends in November 2021.
In the pattern of 2011 - 2012, we see that after the bulls tested the 2012 High in September 2012, the bears then led the price movement to test the 2012 Low in April 2013 it takes the time 6 to 7 months. Thus, if the current pattern of 2021 follows the pattern of 2012, then the remaining time in 2021 for 6 - 7 months of remaining time will fall in May or June 2022.
We need to see 6 or 7 months remaining half time (until March 2022), whether the bears still lead the move or is this just a consolidation move for the bulls to build a base.
In the short term, the bulls must be able to defend $1750 / $1740, because if this can be conquered by the bears then it will open the opportunity for the bears to test $1720 / $1675, but if the bulls can reconquer $1790 - $1800, it will open the opportunity for the bulls to test $1820 / $1830.
ooOoo From The Desk Of Newbie ooOoo
It's time to see the remaining time.
In the previous analysis through the main chart above, I have explained that the pattern of price movement in 2020 - 2021 is almost the same as the pattern in 2011 - 2012. If you look at the Time Span Of 2011 - 2012 ends in September 2012, and the pattern of the Time Span Of 2020 - 2021 ends in November 2021.
In the pattern of 2011 - 2012, we see that after the bulls tested the 2012 High in September 2012, the bears then led the price movement to test the 2012 Low in April 2013 it takes the time 6 to 7 months. Thus, if the current pattern of 2021 follows the pattern of 2012, then the remaining time in 2021 for 6 - 7 months of remaining time will fall in May or June 2022.
We need to see 6 or 7 months remaining half time (until March 2022), whether the bears still lead the move or is this just a consolidation move for the bulls to build a base.
In the short term, the bulls must be able to defend $1750 / $1740, because if this can be conquered by the bears then it will open the opportunity for the bears to test $1720 / $1675, but if the bulls can reconquer $1790 - $1800, it will open the opportunity for the bulls to test $1820 / $1830.
ooOoo From The Desk Of Newbie ooOoo
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