The price steadily approached a local minimum, from which it bounced twice. And this time we saw a reaction from buyers who tried to push the price up again. Just rebound has happened, the price almost immediately returned back and is preparing to make another attempt to cross this line of buyers’ defense.

This urge to decrease is conditioned by the possible development of wave (iii) of the downward impulse. Based on the proposed picture, the potential for movement in this case is good enough to take an active part in this possible movement.

Investment idea: sell 109.50, stop loss 109.80, take profit 106.50.