June Monthly Candle Close colour RED - July likely to be GREEN
As you can see from this simple chart, With the expectation that the JUNE candle Will close Red, we can look back over history and see what is likely to be next.
Since 2011, we have had 6 RED Monthly Candles, including this current one.
Of the previous occasions, the July Monthly candle closed Green on 5 occasions.
That does point towards a very high likely chance that July will be close GREEN
But this is NOT Guarenteed and thi si NOT advice to Buy.
After a Green July, August Closed Green on 5 occasions also, pointing towards a close call on continuation to the upside.
However, after a Green July, on 6 occasions, the 6 month period that Followed led to a Higher price.
So, The much expected August / Se[tember Push up period has some backing in historical data also.....BUT IT IS NOT GUARENTEED
Since 2011, we have had 6 RED Monthly Candles, including this current one.
Of the previous occasions, the July Monthly candle closed Green on 5 occasions.
That does point towards a very high likely chance that July will be close GREEN
But this is NOT Guarenteed and thi si NOT advice to Buy.
After a Green July, August Closed Green on 5 occasions also, pointing towards a close call on continuation to the upside.
However, after a Green July, on 6 occasions, the 6 month period that Followed led to a Higher price.
So, The much expected August / Se[tember Push up period has some backing in historical data also.....BUT IT IS NOT GUARENTEED
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