The DeJa Vu
If you study the comparison charts below, you can see the similarity of the price-action sentiment with “Today” and “April – May 2014.” Matrix-bulls brewing something similar here to 2014. I think if we can able to hold above that “Rising Support” and fill the gap at 229, that’s a good start for this matrix to play out. Second confirmation we would need is, clearing well above the 229.50ish and making another ATH, if we can do that, we may able to see “May – July 2014”-like bullish-movement for the next 2-3 months.
Click 2 Enlarge
As you can see below, we held above the 187ish and once we cleared well above the 190ish, the move to 198 happened just in about two months.
What May Happen
If we can able to hold 226-227ish and clear well above the 229.50ish, I think we may able to see 240ish within two to three months. Can the Matrix-Bulls do it?!