2024 TREND PROBABILITIES - DIVERSE AND EXTENSIVE CONDITIONS
The shaded rectangle indicates possible price action parameters for 2024, with interim bull and bear phases within the RA2/S1* range.
The current A,B,C gains should target RA2*.
The W,X,Y downside off RA2* to S0 and S1* is expected to complete the RA2*/S1* consolidation phase.
The eventual bull trend to R3 would likely only materialise after 2024.
RA2* and S1* are the pivotal levels for the range trading outlook.
Target and Re-assessment Levels:
Important Levels: RA2* and S1*
Primary Trend and Target Levels: Bull phase to RA2*, then downside to S1*
Monthly Range: R1/S0
Prevailing Trend and Target Levels: Gains off S0 to R1
Technical Rating: Medium
Comments