The price is still below 110$ (inside the PRZ) and therefore the blue (original) remains valid…
However, if the price will rise due to the potential we currently see in the markets, it can complete another, smaller near 114$.
Basically, if you are and you wish to trade this scenario, you can choose whether to widen your stop loss enough to include both patterns or simply try to trade each one separately.
Risks and potential targets (initial target levels) are shown in the chart above.
Tomer, The MarketZone
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