Lets see how this plays out. Dot is in consolidation.
Clear flag pole and pennant on (blue line). Approx 65% increase in the first impulse move, and 50% up to pennant breakout.
This would mean a target of around 46 GBP.
Not financial advice, just me playing around trying my hand at technical analysis.
There we can see two patterns that are coming into play, the Elliots wave pattern (1,2,3,4,5) thats the first pattern that started and it indicated that its going to go down, then we have the contraction phase there in the blue. then we have an expansioon phase that is perfectly aligned with elliots wave pattern that, and the way that pattern is layed out also...