Last week (2017.05.15) the little bull had learned to walk perfectly, although it stumbled in the $1265 area and retreated to the $1247 area, but then it could step back upward to $1255 area, and this week (2017.05.22) the little bull will face for the final exam to get certified, whether it is worthy to continue learning to run or not.
Based on the previous crosses of DMA200 & DMA50 on Daily Time Frame, a Death Cross was triggered on day 182 and by approach, a Golden Cross probably will triggered on day 182. Therefore, for the first time a little bull must be able to Conquer & Walk above $1260/70 area, where the bull is kicked in the week 2017.05.01. If it can be conquered, then a small bull will get a walking certificate and then can learn to run.
An attempt to conquer $1260/70 on Weekly Time Frame, seems very visible and if this works, a little bull has a chance to learn to run for 42 Days or up to 72 Days.
Could the little bull will learn to run ?
Only time will show, caused this just an approach.
--oOo-- From The Desk Of Nubie --oOo--
Based on the previous crosses of DMA200 & DMA50 on Daily Time Frame, a Death Cross was triggered on day 182 and by approach, a Golden Cross probably will triggered on day 182. Therefore, for the first time a little bull must be able to Conquer & Walk above $1260/70 area, where the bull is kicked in the week 2017.05.01. If it can be conquered, then a small bull will get a walking certificate and then can learn to run.
An attempt to conquer $1260/70 on Weekly Time Frame, seems very visible and if this works, a little bull has a chance to learn to run for 42 Days or up to 72 Days.
Could the little bull will learn to run ?
Only time will show, caused this just an approach.
--oOo-- From The Desk Of Nubie --oOo--
