After an неоднозначный success in the form of a historical high update, a sharp decline followed. Such a development often serves as a trend reversal signal. The произошедшее decline might just be the tip of the iceberg, with more significant movements ahead.
The upward impulse has completed, and the downward movement is still незначительное to assess its nature. We might see either a deep corrective move or the price getting stuck in a certain range. Nevertheless, there remains good potential for decline, making sell trades attractive. The price is likely to fall below wave 4’s low, presenting a notable movement to potentially profit from.
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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