POTENTIAL FOR AN OVERLAPPING PRICE ACTION.
A KL upward formation could continue to T1/P, followed by downside to Q.
The PQ formation seems incomplete with further overlapping gains to T1/T2, as illustrated.
A break below S0* will neutralise the immediate upside potential with extended downside to Q.
It is unlikely that the market will extend beyond T2/P.
TARGET AND RE-ASSESSMENT LEVELS:
Pivotal levels: S0*
Primary trend: Overlapping gains to P/T1
Prevailing trend: Gains off L to P
Technical rating: Medium
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