Post
Topic
Board Speculation
Re: Analysis never ends
by
Tzupy
on 22/10/2014, 12:31:20 UTC
@lucif

I can certainly see another (minor) breakdown in the coming weeks, but I'm wondering why you said earlier that you think hitting 360s would make it a bad picture for the bulls?

To me it looks like we could go all the way to ~340 for a re-test, and it would look a lot like April 16 to May 19 earlier this year. (Of course it would only be similar if there is good support at that level)

Sorry for the unsolicited answer, but the comparison with April 16th to May 19th doesn't make sense to me.
In the bullish scenario (with 275$ THE bottom) I am looking at about 9th July 2013, in the bearish scenario
I'm looking at about 5th August 2014. Bearish scenario will be invalidated if 420$ resistance will be firmly broken.