The price decided that it had sat too long in the corrective sideways movement and attempted to resume the uptrend. Daily candles began to close one after another above the previously formed resistance level. Within the next trading week, it is possible to update the absolute maximum.
All this is due to the formation of the presumed Wave 5 of (v) of the upward impulse. The targets for the expected movement lie at the upper boundary of the ascending channel within which the current impulse under review is being formed.
In this situation, it is recommended to actively buy at current market prices.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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