In my previous analysis I predicted that the bulls will most likely enter the market again if +1 week from Oct 19, 2020 or at The End of Oct 2020 the price cannot close below the previous low ($1848) and we see that the price closes above $1848.
From this chart approach (//s3.amazonaws.com/tradingview/snapshots/a/A4ME86i5.png), if bulls can bring the price back above $1900/33, then this will open up potential for a retest $2075 of August 2020 High.
Now, the question is, can the bulls be able to bring the price back above $1900/33, while some fundamental news will be released this week ?
Technically in my view based on this chart approach (//s3.amazonaws.com/tradingview/snapshots/w/wbWecj8o.png), even if the previous low ($1848) can be conquered by the bears, then as long as the bulls can reverse the price to move above $1848 and $1933 then a Mini Launch Pad will rebuild for the bulls.
Let's look at this week and the weeks ahead.
ooOoo From The Desk Of NewBie ooOoo
From this chart approach (//s3.amazonaws.com/tradingview/snapshots/a/A4ME86i5.png), if bulls can bring the price back above $1900/33, then this will open up potential for a retest $2075 of August 2020 High.
Now, the question is, can the bulls be able to bring the price back above $1900/33, while some fundamental news will be released this week ?
Technically in my view based on this chart approach (//s3.amazonaws.com/tradingview/snapshots/w/wbWecj8o.png), even if the previous low ($1848) can be conquered by the bears, then as long as the bulls can reverse the price to move above $1848 and $1933 then a Mini Launch Pad will rebuild for the bulls.
Let's look at this week and the weeks ahead.
ooOoo From The Desk Of NewBie ooOoo
