Based on my time template, this week 2016.12.12 is the end of the Test Area (C Black) with bias +1 Week. If the Bulls can wake up, then at least $1140/35 should be able to survive.
If this Test Area has been completed, then in the Construction Area (B Blue) the bull up to 2017.01.16 (minimum) or up to 2017.02.27 (maximum) must be able to bring the price move and closed above $1210 (min) or $1230 (max) for the rest of its time owned.
If the bulls can afford, then December 2016 has the potential to become a Monthly or Yearly Cycle and the Bulls are likely to make a recovery within 77 Days (12.12.2016 until 27.02.2017) and then create a new leg. Conversely, if it fails, then the Bears will apply pressure to move prices below the $1140/35 and test the $1046 Low 2015 to seek a New Low around $987/$840.
Would the next 231D area (D black) will become the property of the Bulls (Construction) or the Bears (Collapse) ?
Time will show
--O-- From The Desk Of Newbie --O--
If this Test Area has been completed, then in the Construction Area (B Blue) the bull up to 2017.01.16 (minimum) or up to 2017.02.27 (maximum) must be able to bring the price move and closed above $1210 (min) or $1230 (max) for the rest of its time owned.
If the bulls can afford, then December 2016 has the potential to become a Monthly or Yearly Cycle and the Bulls are likely to make a recovery within 77 Days (12.12.2016 until 27.02.2017) and then create a new leg. Conversely, if it fails, then the Bears will apply pressure to move prices below the $1140/35 and test the $1046 Low 2015 to seek a New Low around $987/$840.
Would the next 231D area (D black) will become the property of the Bulls (Construction) or the Bears (Collapse) ?
Time will show
--O-- From The Desk Of Newbie --O--
