CONSOLIDATION PROBABILITIES.
View: Ongoing R1/M consolidation to complete the PQ larger correction. An eventual bull trend to T2 and beyond remains likely.
Interim:
The preferred outlook is for A,B,C gains, followed by W,X,Y downside.
This shorter-term illustrated outcome is, however highly speculative, as the complexity of the PQ phase makes a number of alternatives feasible.
Execution: Contrarian trading at extended parameters to limit ad hoc moves.
Target and Re-assessment Levels:
Important Levels: R0* and S1*
Primary Trend: ABC bull phase to R1, followed by downside to S2
Prevailing Trend: R0*/S1* consolidation
Monthly Range: R0*/S1*
Technical Rating: Speculative on interim detail
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