Sales on update of the local minimum

16.07.2021

So far, an updated version of the possible development of events is being confirmed. The price does not go down immediately, preferring to extend the correction, which appears to be taking the form of a zigzag. The confirmation of this pattern will be the price return to the broken trend line for retest. Until this happens, it is not recommended to look for opportunities to enter trades.

And even during retesting, it is better to wait until the minimum is reached and to open sell deals only on the breakout.

Investment idea: sell 109.70, stop loss 109.90, take profit 106.50.