On the daily diagram, the downward correction of the upper level continues to develop as wave 2, within the limits of which wave (C) of 2 is forming. Currently, the third wave 3 of (C) has formed, a local correction as of fourth wave 4 of (C) and we can observe fifth wave 5 of (C), whose limits are forming a local correction as second wave ii of 5 of the lower level. If the prediction is correct, the asset price will grow to the area of 60.00–50.00. In this scenario, the critical Stop Loss level is 80.35.
The main scenario
Short positions are current below level 80.35 with targets at 60.00–50.00. The completion period is: 7 days and more.
Alternative scenario
Breaking and fixing the price below the level of 80.35 will allow the trading instrument to continue the upward dynamics to the area of 90.25–103.00.
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