The next short term target is the dotted green line at 6440.
The green trend sections have created a triangle within the larger orange triangle.
This green triangle is part of the orange trend section, which should find its end at the dotted orange line.
Therefore a breakout from the green triangle can be expected upwards.
Overview price targets:
- green : 6440
- orange : 7180
- blue : 5000
- pink : very close to blue, not drawn
Interpretation:
The upward breakout from the orange triangle will be recognized as a false breakout once the price falls below the orange triangle, heading toward the dotted blue line.
The dotted blue line is the long term target.
