There are no changes over last week. A new extreme has emerged below point 5. For the time being we leave the layout as it is to evaluate MM-levels, but we cannot analyze the template until new extremes emerge and we define the trendís direction. A downtrend from level 6/8 might have started.
A downtrend. On the way to the target T1 there is level 4/8 which is significant on weekly charts. If the trend continues to go down, at least a deep retracement from this level is very likely. The price is beyond time frames, for the further analysis we need to reconstruct the template using new extremes.
We see an uptrend. All targets have almost merged into one. On the way to the targets there are no levels from senior time frames. The price is in the trading range, a flat is possible. Time frames are very small and most likely for the further analysis we will have to reconstruct the template using new extremes.