WHAT'S GOING ON IN 2019 ?
In my previous analysis, I have a technical point of view that prices still have the opportunity to move up to 14.01.2019 or 04.02.2019 (plus minus 1 week) as shown by this Chart and based on the Main Time Chart above, it looks like week 04.02 .2019 is a timeline that needs to get attention after 14.01.2019.
My Long-term View
Based on observation, I have a technical view that prices will move higher in 2019 as long as prices don't close below $1160 Aug 2018 Low or $1122 Dec 2016 Low and to strengthen this higher movement, then ideally prices may not return to moving below $1210/$1185 in 2019.
Is this true or not, time will show it.
Bottom Series Observations
This Chart shows the observation of 2013 where the bottom of the price was recorded in the 77D or 42D Time Span (Yellow Column).
The same thing happened in 2014 in this Chart, where the bottom of the price was recorded in 77D or 42D Time Span (yellow column) and made the new low below the previous year's low.
What is shown in this Chart, in 2015 has a slight difference, where the bottom of the price is recorded in the 63D Time Span, after recording previous lows in the Jul 2015 in the 77D or 42D Time Span, defining that $1046 Nov 2015 Low has the potential to be the bottom of the Bear Market End.
8 Years Low To Low Observation
By using observations approach of the 8 Years Cycle Low To Low from 2000 Low to 2008 Low (2000 Low + 8 Years = 2008 low), then the next 8 Years Cycle ideally falls in 2016 (2008 Low + 8 Years) which can be seen in this Chart as a reinforcement of my observation, that ideally The Bear Market has ended in 2015. Therefore, if $1375 Jul 2016 High and $1046 Nov 2015 Low or $1122 Dec 2016 Low as a reference for price movements, ideally in 2019, prices may not move below $1210/$1185. If this happens then it can cancel the Higher High Scenario and most likely $1160 Aug 2018 Low or $1122 Dec 2016 Low will be re-tested. Based on this approach, the following is The Bottom Setup for $1122 Dec 2016 Low and $1160 Aug 2018 Low which is recorded in the 77D Time Span.
Balanced Time Chart Approach
A Balanced Time Chart approach is shown in this Chart, showing that the pattern of price movements since $1180 Jun 2013 Low to $1160 Aug 2018 Low tends to build the Multi Year Head & Shoulder pattern and if this pattern is intact/solid then the price will move up with a balanced length of time, as shown in the 34 & 55 Time Span of Time Zone (Yellow Column). This seems acceptable, considering that on the 34 Time Line of Time Zone has the potential for the appearance of a Monthly Morning Star candlestick, where a candlestick of December 2018 was pushed up by the Blue MA.
Scenarios
Based on the chart approaches above, the scenario for moving higher in 2019 can be seen in this Chart. This is the point of my technical view:
1. Prices in March 2019 to Apr 2019 may not move lower than $1236 Dec 2017 Low
2. Prices in Jun 2019 to Jul 2019 may move below $1236 Des 2017 Low, but may not move below $1195/85.
From this scenario I have an expectation that $1350/75 is likely to be re-tested in Q1 or Q2 - 2019.
Who Knows ?
--ooOoo-- From The Desk Of NewBie --ooOoo--
My Long-term View
Based on observation, I have a technical view that prices will move higher in 2019 as long as prices don't close below $1160 Aug 2018 Low or $1122 Dec 2016 Low and to strengthen this higher movement, then ideally prices may not return to moving below $1210/$1185 in 2019.
Is this true or not, time will show it.
Bottom Series Observations
This Chart shows the observation of 2013 where the bottom of the price was recorded in the 77D or 42D Time Span (Yellow Column).
The same thing happened in 2014 in this Chart, where the bottom of the price was recorded in 77D or 42D Time Span (yellow column) and made the new low below the previous year's low.
What is shown in this Chart, in 2015 has a slight difference, where the bottom of the price is recorded in the 63D Time Span, after recording previous lows in the Jul 2015 in the 77D or 42D Time Span, defining that $1046 Nov 2015 Low has the potential to be the bottom of the Bear Market End.
8 Years Low To Low Observation
By using observations approach of the 8 Years Cycle Low To Low from 2000 Low to 2008 Low (2000 Low + 8 Years = 2008 low), then the next 8 Years Cycle ideally falls in 2016 (2008 Low + 8 Years) which can be seen in this Chart as a reinforcement of my observation, that ideally The Bear Market has ended in 2015. Therefore, if $1375 Jul 2016 High and $1046 Nov 2015 Low or $1122 Dec 2016 Low as a reference for price movements, ideally in 2019, prices may not move below $1210/$1185. If this happens then it can cancel the Higher High Scenario and most likely $1160 Aug 2018 Low or $1122 Dec 2016 Low will be re-tested. Based on this approach, the following is The Bottom Setup for $1122 Dec 2016 Low and $1160 Aug 2018 Low which is recorded in the 77D Time Span.
Balanced Time Chart Approach
A Balanced Time Chart approach is shown in this Chart, showing that the pattern of price movements since $1180 Jun 2013 Low to $1160 Aug 2018 Low tends to build the Multi Year Head & Shoulder pattern and if this pattern is intact/solid then the price will move up with a balanced length of time, as shown in the 34 & 55 Time Span of Time Zone (Yellow Column). This seems acceptable, considering that on the 34 Time Line of Time Zone has the potential for the appearance of a Monthly Morning Star candlestick, where a candlestick of December 2018 was pushed up by the Blue MA.
Scenarios
Based on the chart approaches above, the scenario for moving higher in 2019 can be seen in this Chart. This is the point of my technical view:
1. Prices in March 2019 to Apr 2019 may not move lower than $1236 Dec 2017 Low
2. Prices in Jun 2019 to Jul 2019 may move below $1236 Des 2017 Low, but may not move below $1195/85.
From this scenario I have an expectation that $1350/75 is likely to be re-tested in Q1 or Q2 - 2019.
Who Knows ?
--ooOoo-- From The Desk Of NewBie --ooOoo--
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