THE VIEW IS RETAINED FOR AN EVENTUAL BULL PHASE, WHICH CONSTITUTES A SEGMENT OF AN UNFINISHED TRIANGLE PATTERN.
The formation of the P*K* triangle pattern is ongoing and the illustrated outcome is retained.
Phase C downside was completed at K*/S1.
Current gains off S1* should then be phase D with further upside potential to the highlighted target area around P*.
Phase E downside from P* to K* could complete the triangle pattern followed by a bull trend to T1 and beyond.
Medium conviction on the general outlook of a triangle, followed by a bull trend.
Target and Reassessment Levels:
Important Levels: P* and K*
Primary Trend: P*/K* consolidation, followed by a bull trend to T1
Current Trend: Gains to P*, followed by a reversal to T1
Monthly Range: R1*/K*
Technical Rating: Medium