THE BULL FLAG PATTERN IS MATURING
The overall bullish stance is materialising, as illustrated. The impulsive bull trend from point 0 has further potential to T1 and eventually T2. Gains are likely to be volatile with intermittent corrections as the trend starts to unwind.
The expected PK flag pattern is in a mature stage of development, as part of the larger bull trend and renewed gains to T1.
The W,X,Y type correction off T1 to S1* will still be part of the general bull trend that is expected to be completed around T2.
The eventual meaningful downside to S2 and beyond is likely on completion of the bull trend to the eventual T2 target.
Target and Re-assessment Levels:
Pivotal Levels: K*
Primary Trend: Gains to T1, and eventually to T2 followed by downside to S2*
Prevailing Trend: Ongoing PK* correction
Technical Rating: Medium
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