VIEW RETAINED FOR A CONSOLIDATION PRICE ACTION.
The medium-term outlook of W,X,Y gains to T1, followed by A,B,C downside to S1, has materialised.
The corrective structure of both the W,X,Y and A,B,C formations point to further medium-term consolidation within the R0*/S1* parameters.
Current a,b,c-defined gains should target R0, followed by a sideways bias, as illustrated.
The illustrated a,b,c,d,e scenario is a generalised illustration. Many alternatives can develop within the indicated range.

Target and re-assessment levels
Important Levels: R0*/S1*
Primary trend: R0*/S1* consolidation
Prevailing trend: ABC Gains to R0*
Technical rating: Medium
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