The overall bullish stance is materializing, as illustrated. The impulsive bull trend from point 0 has further potential to T1 and eventually T2. Gains are likely to be volatile with intermittent corrections as the trend starts to unwind.

• The expected PK flag is in a mature stage of development, but could have another down leg to S1/K* as an interim view adjustment.
• The WXY type correction off T1 to S1* will still be part of the general bull trend that is expected to be completed around T2.
• Eventual meaningful downside to S2 and beyond is likely on completion of the bull trend to the eventual T2 target.

The previous view of  WXY gains to R1, has transpired.

• The WXY gains has been corrective and seems complete. The outlook therefore remains for ABC downside to S1* and S2.
• These interim moves is likely part of the larger LK flag consolidation that should eventually give way to a bull trend to T1.
• A breach of R1* will signal the end of the LK consolidation and activate gains to T1.
• S1* is the short term important level for the illustrated ABC downside to S2.

The illustrated bull trend to TA2 is ongoing with volatile swings and corrections, and the illustrated view is retained.

• The PK wedge completion at K/S1* has resulted in expected sharp gains to SM, as part of the ongoing bull trend.
• Current upside could target T1, followed by a meaningful correction to at least R0
• The final bullish target over time is TA2, where the long term bull trend counts complete.
• SM is the important level for the immediate upside potential.