The B-C leg of the large, bullish pattern shown has taken so long to develop that it casts mild doubt on the 28.765 target without actually negating it. Still, the A-B leg is legitimate if subtle, having exceeded a look-to-the-left peak that requires squinting to detect. Under the circumstances, we’ll use 28.765 as our immediate upside objective. As always, a decisive penetration on first contact would imply still higher prices.
