The development of the correction has continued. A zigzag has formed, the logical continuation of which is the development of an upward impulse growth. This is also indicated by the developing wave pattern, where earlier, supposedly, waves [1] and [2] of an upward impulse were formed.

The confirmation of the seriousness of the buyers’ intentions will be the update of the current local maximum. Before that, it is not recommended to open any trade deals.

Investment idea: buy 1.2180, stop loss 1.2150, take profit 1.2300.