THE BULL PARTY ESTIMATED CONTINUE IN 2020 (PART# 2)

24 janv. 2020

MY LONG TERM VIEW
this is my view from some of the chart approaches I have, which shows that the bull market has the potential to re-continue, at least in my view.

1. The Balanced Time Chart Approach & A Sign Back To The Top
From this chart approache (please copy this link and paste to your browser : s3.amazonaws.com/tradingview/snapshots/a/aIMnjM9M.png) show that The Balanced Time Approach & A Sign Back To The Top Shows that the Bull still has a time span to Balance the Prices & Time until June 2020.

2. Chart Cycle Approach
I use this roadmap which shows that the Bear Market which began in 2012 has ended in 2016 (please copy this link and paste to your browser : s3.amazonaws.com/tradingview/snapshots/k/KB47bVeo.png. The 8 Year Cycle Low To Low from 2008 Low has ended in 2016 which can be seen in the table of Corrective B table and this is the another one of 8 Year Cyce Low To Low from 2016 Low that predicted will be ended in 2024 (please copy this link and paste to your browser : s3.amazonaws.com/tradingview/snapshots/p/PrOLG7m6.png). If we compare it with the same approach, it can be seen that in this chart approach, the end of Corrective B is not the same as 2024, but 2022 and if we compare it with the chart at point 1 above (The Balanced Chart Approach) which explains that the entry of the Bear Market was 2012, marked with the 2012 High is not higher than 2011 High, then if 2020 is the Bear Market Entry, ideally 2020 High is not higher than the 2019 High. I thus argue that, the Bull Market will continue until 2022 and then prices will decline again until 2024 to build the bottom.

3. The Pattern Tracking Approach
In the Pattern Tracking Approach it can be seen that at least the current price must be able to hold to move above $1522 with the worst conditions is above the Nov 2019 Low up to Jun 2020 (please copy and paste this link to your browser : s3.amazonaws.com/tradingview/snapshots/v/VN2C5all.png) and the another one Pattern Tracking Approach illustrates that the Bottom of Nov 2019 has the potential to be a Leg to move up. Thus the continuation of the Bull Market will be invalid if before June 2020 prices move below Nov 2019 Low (Please copy and paste this link to your browser : s3.amazonaws.com/tradingview/snapshots/v/VAfIxTJn.png)

MY SHORT TERM VIEW
My Short-term Support refers to the above Long-term Road Map are at the price level of $1555, $1515 and $1495 which is the breakout level and the last is $1445 which is the bottom price and here is the chart with the view of Trending Up (please copy and paste this link into your browser : s3.amazonaws.com/tradingview/snapshots/9/9i2URU9P.png)

TARGET
referring to the counts that I've published, with the Bear Market Target is :
($1921 - $252) * 0.62 = $1035 tolerance 2%, target the Bear Market is $1055
and now for Bull Market Target is :
($1921 - $252) * 1.62 = $2705 tolerance 2%, target the Bull Market is $2650
The above target is only if in 2020 the Bull can test $1795 High 2012 or $1920 High 2011.
With the above My Short Term View, i believe that Bull will test $1750 or $1795 High 2012.

Now, referring to the main chart above, next week we will enter the week of Feb 03, 2020 (-1 week) and next week there is a Fed meeting.

Let's look again at how the market will react.

ooOoo From The Desk Of NewBie ooOoo