VIEW RETAINED FOR A MATURING TRIANGLE PATTERN.
The PK* triangle pattern seems to be in a mature stage of development.
Phases A to C have been completed.
Current gains could still be phase D towards P, or already part of the final phase E downside to complete the triangle patten.
A sharp bullish reversal off K* would be the initial indication of the 1,2,3,4,5-bull trend to R2 and T1.
The K*/S1 levels are important for the general trend direction.
A breach of the MP midpoint line will activate the interim downside to K*.
Target and Reassessment Levels:
Important Levels: K*/S1 area support
Primary Trend: P/K* consolidation, followed by a bull trend to T1
Current Trend: Overlapping gains to P*
Monthly Range: R0/K*
Technical Rating: Medium
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