Price chooses sideways as an adjustment

03.06.2021

The past trading day started well for the sellers. The price moved down steadily, fully justifying expectations. But it was not possible to update the minimum, a rebound began. The behavior corresponding to the price position is a correction.

Now the price can move in any direction, but a continuous movement is unlikely to happen. Each action will be followed by an answer, so it is definitely not worth waiting for a trend movement. In this case, all this will be part of the supposed correctional wave (2).

Investment idea: flat.