VIEW RETAINED FOR A MATURING TRIANGLE PATTERN.
The PK* triangle pattern seems to be in a mature stage of development.
Phases A to D could already have been completed.
The current downside will then be the final phase E to complete the triangle pattern.
A sharp bullish reversal off K* would be the initial indication of the 1,2,3,4,5-bull trend to R2 and T1.
The K*/S1 levels are important for the general view.
Note: Triangles are normally (80%) continuation patterns but could sometimes (20%) be a trend reversal.
Target and Reassessment Levels:
Important Levels: P*K*/S1 area support
Primary Trend: P*/K* consolidation, followed by a bull trend to T1
Current Trend: Overlapping downside to K*
Monthly Range: R0/K*
Technical Rating: Medium
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