Current pattern is still very corrective, the 1st demand zone has been broken so now moves towards the second between 53p-60p. This would break the lower trend line so it would be likely just a wick to this zone. There is also a gap to close in 59p here.
Targets are still the same, as per previous chart the correction retraced more than 61% so initially would not count it in 5 waves to the upside but in 3 waves as ABC. Targets are the same for the net C wave 1:1 and 1:1.618. But consider to TP at 0.618 of the C wave as well if it truncates.
Does not need much to move this as the correction is way overstretched reflecting the delay in the news and should end here somewhere.
Targets are still the same, as per previous chart the correction retraced more than 61% so initially would not count it in 5 waves to the upside but in 3 waves as ABC. Targets are the same for the net C wave 1:1 and 1:1.618. But consider to TP at 0.618 of the C wave as well if it truncates.
Does not need much to move this as the correction is way overstretched reflecting the delay in the news and should end here somewhere.
