From the previous analysis below we have projected the first 5 wave development motion in the KCS, with very realistic targets for the near future.
As we can see, price continues to consolidate over the broken structure and is now creating a 4-hour triangular pattern as a continuation pattern.
A price movement above the triangle would increase the chances of stronger bullish momentum.
Targets:
32. 40 or +53.55%
35.00 or +65.88%
45.30 or +114.6%
Thank you and Good Luck!
Previous Base Analysis:
As we can see, price continues to consolidate over the broken structure and is now creating a 4-hour triangular pattern as a continuation pattern.
A price movement above the triangle would increase the chances of stronger bullish momentum.
Targets:
32. 40 or +53.55%
35.00 or +65.88%
45.30 or +114.6%
Thank you and Good Luck!
Previous Base Analysis:
Comment:
Closed one small part for +28%
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Actually, the price broke out with a strong candle above the Bullish Triangle.