We have just passed 1/4 time of the forecast for The Next 6 or 7 Months which will fall in May or June 2022 and this week we will enter the remaining 1/2 time of that forecast (starting from March 14, 2022 plus minus 1 week).
According to the previous expectations, in the past of 1/2 time we have got a Big Bar with a High Price at $2070 approaching the High Price of August 2020 at $2075.
Based on this chart approach (please copy paste this link : //s3.amazonaws.com/tradingview/snapshots/y/YbCOVd1m.png). If the price movement tends to form a Cup & Handle pattern, then a consolidation movement is needed to make a handle with an estimated time span up to April 25, 2022 (plus minus 1 week) and can be extended until May or June 2022.
If the price movement tends to form a Scoop Pattern, the bulls could push the price back to breakout through the $2075 August 2020 high.
In my technical view, generally as long as the price moves above $1870/75 in the time span, the price is in a Bullish Area. We need to wait until April 25, 2022, because there is a second scenario besides the chart approach above. Here is the second chart approach which I will explain later on April 25, 2022 (please copy and paste this link : //s3.amazonaws.com/tradingview/snapshots/z/ZPSWCJ6D.png)
ooOoo From The Desk Of NewBie ooOoo
According to the previous expectations, in the past of 1/2 time we have got a Big Bar with a High Price at $2070 approaching the High Price of August 2020 at $2075.
Based on this chart approach (please copy paste this link : //s3.amazonaws.com/tradingview/snapshots/y/YbCOVd1m.png). If the price movement tends to form a Cup & Handle pattern, then a consolidation movement is needed to make a handle with an estimated time span up to April 25, 2022 (plus minus 1 week) and can be extended until May or June 2022.
If the price movement tends to form a Scoop Pattern, the bulls could push the price back to breakout through the $2075 August 2020 high.
In my technical view, generally as long as the price moves above $1870/75 in the time span, the price is in a Bullish Area. We need to wait until April 25, 2022, because there is a second scenario besides the chart approach above. Here is the second chart approach which I will explain later on April 25, 2022 (please copy and paste this link : //s3.amazonaws.com/tradingview/snapshots/z/ZPSWCJ6D.png)
ooOoo From The Desk Of NewBie ooOoo
