The price has continued to rise cautiously, extending the предполагаемая wave b within the forming zigzag. However, today we are likely to see a sharp decline driven by the development of the next wave.
It’s important to be prepared for this, as the movement’s character — according to the предполагаемый scenario — indicates an impulsive nature, consistent with wave C patterns. In this context, the price will target the retest of the current local low.
This downward impulse will mark the final wave in the entire complex corrective structure — a double zigzag.
Investment idea: SELL 1.1640, SL 1.1665, TP 1.1480.
Origin: FreshForex
