EXPECTED CORRECTION FORMS PART OF THE CYCLICAL BULL TREND.
Moderate further gains to the previous top around T1 are likely to complete the current 1,2,3,4,5 bull trend.
An overdue W,X,Y bearish correction to S1/P* is expected off T1. While the W,X,Y-type formation is preferred, a triangle or rectangle can also develop.
The overbought and diverging RSI (line D) confirms the potential for a correction.
Any break below S0* will activate and confirm the bearish corrective phase.
P*, as the cyclical bull trend support is expected to hold through any correction with further long-term gains to new highs.