COMPLEX RESTRUCTURING PATTERN - SEVERAL INTERIM ALTERNATIVES
General overview:
The RS flag correction is approaching its advanced development stages.
Expectation of a long-term bullish trend resuming towards Target 1 (T1) and possibly further after the RS phase concludes.
Short-term analysis:
The KM* price acton predicts slight and incremental gains towards K, with a chance of reaching R1*, marking the end of this phase.
Key predictions:
Anticipate a medium-term peak near the K/R1* area, leading to a decisive bearish trend towards S3/Q, finalising the RS flag pattern.
Overall confidence:
The confidence in the general outlook is of a medium level, noting that short-term predictions are more prone to uncertainty.
Target and Re-assessment levels:
Important Level/s: 65 800 and 68 800.
Primary Trend: Bear phase off 68 800 to 63 700, which is then followed by a bull trend to 75 000.
Prevailing Trend: Gains to 68 800
Monthly Range: 65 800 to 68 800
Technical Rating: Medium
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