A breach of the established harmonic pattern by CLHO will be confirmed upon surpassing Fibonacci level 8.3. Subsequently, a clear trajectory towards the preceding high at level 9 is anticipated. A retest of Fibonacci level 8.3 may then occur prior to a potential breach of the harmonic pattern target. A bullish trend is expected in the short term. Should level 9 be exceeded, a bullish trend is projected for the medium term.
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