VIEW RETAINED AN IMPULSIVE BULL TREND TO 15 200 / 15 350.
The retained illustrated view is self–explanatory.
Expected upside off target support at S1/Q has initiated the highlighted bull trend to TA1* over time.
Recent gains do not have meaningful sub-divisions and the Roman numbering is indicative.
The sharp and gapping gains off S2 suggest market strength, confirming a follow-through upside to TA1*
RSI overbought conditions can limit further immediate advances to R1 and result in a correction to S0*
The eventual downside off T1* can target S2.
Conviction: Medium to high.
S0* needs to hold for the immediate bull trend to remain intact.
An unlikely break of TA1* will have extended bullish consequences.
