The price withstood the onslaught of sellers again and was able to powerfully respond to this attack. All this ended with the next update of the maximum. And here is an interesting point: the price rested on a trend line passing through two steadily decreasing tops. Perhaps this is how the development of a large diagonal triangle began.

Now we see how the formation of wave (iv) is completed, which means that in the future we are expecting a prolonged decline in wave (v).

Investment idea: sell 1.2100, stop loss 1.2130, take profit 1.1900.