What a nice analysis colleague 💪📈

As you show there mate, it is still in uptrend. Buyers should be concerned is if the price breaks the uptrend line you show on the chart, and the 196.04 support. The price should stay above that support.

But from my point of view, there are two scenarios colleague:

1- The scenario you are showing at the moment. It is a bullish pennant and the target would be located at 425, as I show below:

The target is calculated by measuring the flagpole and projecting it over the break.

2- The second scenario is that it has not actually left the pennant yet:

It will only remain to wait for the price action now.

Best regards my friend 👋