Volatility in the considered trading instrument continues to remain extremely low. However, such calm always happens before a storm. Currently, the formation of a converging horizontal triangle, which is the fourth wave of an impulse forming within wave 5, has probably completed.
It turns out that only one bullish wave remains to complete the entire upward cycle. The first signs of the development of this wave are already visible at the moment. It will continue to develop during the next trading session, so it is recommended to consider the possibility of entering buy trades at the current market values.
Investment idea: BUY 22900, SL 22700, TP 23500.
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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