A mistake may have been made in the wave analysis of this instrument, necessitating corrections. The observed decline was excessively prolonged, leading to a breach of critical levels. This movement is unlikely to be part of the corrective Wave 4. There is a high probability that this marks the beginning of a new phase in the market's price movement.
The upward movement, characterized by a lengthy and extending impulse, may have concluded. The subsequent decline could represent the first wave in an emerging downward impulse or a deep and prolonged correction.
In any case, a high probability of growth exists in the near term, aimed at correcting the preceding decline. Following this, another wave of downward movement is anticipated.
Investment idea: BUY 19650, SL 19300, TP 20650.
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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