VOLATILE GAINS AS THE BULL TREND UNWINDS
The bullish trend is becoming apparent, as demonstrated. The dynamic uptrend beginning at point 0 shows considerable potential for further growth, though it may experience volatility and periodic corrections as it progresses.
The R1/S1* price levels are currently shaping an L/M flag pattern, which is expected to lead to renewed upward movements toward target T1.
Following the peak at T1, a zigzag-type correction back to S1* is anticipated. However, this correction will still align with the overall bullish trend, which is projected to culminate at T2.
A significant downward adjustment to S2* may occur once the bull trend fully develops and reaches its endpoint at T2.
The level at S1* is critical in maintaining the overall bullish outlook.
Target and Re-assessment Levels:
Pivotal Levels: 59 800
Primary Trend: Gains to 81 200, and eventually to 98 000
Prevailing Trend: A consolidation between 59 800 and 74 000
Technical Rating: Medium
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