THE LAST CALL FOR THE LAST MONTH OF THE YEAR (CLOSING PART)

In my technical view on the previous analysis, that in general as long as the price moves above $1870/75 in the Time Span up to April 25, 2022 (+- 1 week), the price is in the Bullish Area and so far the bulls can take the control the price with the low at $1890.

Now the question is, what is the forecast for the next few weeks/months ?

[1] In the main chart approach above, we see that in April 2013 the bears were able to make a Downward Breakout and conversely in April 2022 the bulls were able to take control of the price with a possible $1890 being a low price. Therefore, if we follow this pattern, it is possible that in May 2022 or Jun 2022 the bull will be able to break through the $2075 high price of 2020. It will be signaled if the bulls can break out or close the price above $1990/95 followed by a breakout or close the price above $2005/10 to continue to test $2025/35.

[2] Conversely if the price can be closed by the Bears below $1975/70, then the possible pattern that will play is the Bulls may be waiting to re-enter to the market in May or June 2022, because usually these months are Cycle Lows. However if the bulls fail to hold on $1875 again in the Time Span until May or June 2022, then based on this chart approach (please copas this link : //s3.amazonaws.com/tradingview/snapshots/q/QR9hAFNP.png) the bears will retake control of the price. In this case, as far as in the time span to December 2022, the price doesn't fall below the $1725 March 2021 Low, then in technically as my view the bulls will retake control of the price.

ooOoo From The Desk Of New Bie ooOoo
Chart PatternsTrend Analysis