THE VIEW IS RETAINED TO ACCOMMODATE MULTIPLE STRATEGIES FOR PRICE ADJUSTMENT.
The overall view of a bull trend to TA1 is materialising.
Recent overlapping and indecisive price action is favouring A P*/Z triangle pattern, rather than the PQ* flag. The PQ* formation remains a feasible alternative.
The phase 4 corrective phase seems incomplete with further subdivisions required, as illustrated.
The current phase remains part of the larger 1,2,3,4,5 bull trend to the highlighted TA1 target area
Q* is pivotal for the larger bullish outcome. A break below this level will neutralize the longer-term upside potential. Breaking above P* will activate the illustrated gains.
Conviction: Medium to high
Note: The exact Z level has not yet been confirmed by price action and is currently an approximation.
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