VIEW RETAINED FOR A TEMPORARY BULLISH PRICE ACTION.
The preferred view of a bull trend to RA2*, followed by an impulsive downside to S2, remains valid.
The longer-term view is for wide-ranging conditions between RA2* and S2.
The phase B bear phase has tested and reversed off the pivotal S0* level, as expected.
The recent break of trend line X has potentially activated phase C upside to R1 and RA2*.
A 1,2,3,4,5-bear trend off RA2* to S1 and S2 is likely.
S0* remains the pivotal level for the view.
A break of this level would signal a downside to S1/S2.
Target and Re-assessment Levels:
Important Levels: RA2* and S0*
Primary Trend and Target Levels: Gains to RA2*, then down to S2
Monthly Range: R1/S0*
Prevailing Trend and Target Levels: Gains towards R1
Technical Rating: Medium
Opmerkingen