Last chance for buyers

12.05.2021

Buyers are seriously at the risk of not getting out of the swamp of the correctional lateral, where the price got with their full permission. Already several attempts of growth within the framework of the development of wave (iii) ended in failure for buyers, the next one may completely break them and the initiative will pass into the hands of opponents.

In this case, the price may start to decline and the entire wave pattern will undergo changes, such as the complication of the corrective structure.

But if the price can grow well in the near future and renew the current maximum set by the assumed wave (i), then we can see a sharp impulsive growth within the development of wave (iii).

Investment idea: buy 109.00, stop loss 108.70, take profit 111.00.