VIEW RETAINED FOR AN IMPULSIVE BULLISH TREND AFTER A TEMPORARY CORRECTION.
The overall bullish stance from point 0 remains valid.
The impulsive 1,2,3,4,5 bull trend has reached the initial target T1 and could extend to T2.
The interim view is for a medium-term top around T2, followed by a bearish correction to S1 and S2*.
The longer-term outlook is for further eventual up-side to T3 on completion of the A,B,C correction, due to the impulsive nature of the gains from 0.
The price action is becoming overbought (highlighted)
S2* is the pivotal longer-term level.
Target and Re-assessment Levels:
Pivotal Levels: S2*
Primary Trend and Target Levels: Gains to T2 and eventually T3
Prevailing Trend and Target Levels: Downside off T2 to S2*
Technical Rating: Medium
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