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After a very dynamic directional movement, the price has gradually transitioned into a corrective phase. Presumably, this is the formation of Wave 4 of the upward impulse. It strongly resembles the emergence of a contracting horizontal triangle.
In this case, we anticipate movement with diminishing amplitude, which is already beginning to manifest. Additionally, it appears that little remains until the completion of the entire model: a decline to the lower boundary, as indicated in the chart provided.
Afterward, a resumption of impulsive growth is expected, during which Wave 5 will form, culminating in the completion of the entire upward impulse.
Investment idea: BUY 1.0835, SL 1.0800, TP 1.1000.
Origin: FreshForex
