VIEW RETAINED FOR A CONSOLIDATION PRICE ACTION TO $2 113/$2 150
The illustrated view remains valid and is retained.
Continuing R1/S1** consolidation, as illustrated by the W,X,Y interim phase should bottom out above S1** to complete phase Y.
The indicated bull trend to TA1 is likely to develop after the completion of the expected W,X,Y range trading.
Breaking below S1** will negate the general bullish outlook, while any break above R1* will activate the bullish bias again.
![](https://static.wixstatic.com/media/241672_f758da7aee394494a754472e7a6b9372~mv2.png/v1/fill/w_49,h_32,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/241672_f758da7aee394494a754472e7a6b9372~mv2.png)
TARGET AND RE-ASSESSMENT LEVELS:
Pivotal levels S1**
Primary trend R1/S1** ranging, followed by eventual gains to TA1
Prevailing trend Downside towards S1**
Technical rating Medium to high