The market remains bullish

17.08.2021

The buyers’ fuse miraculously disappeared. The price began to decline, and so far it is well within the development of the correction, which is forming as one of the sub-waves of the supposed upward impulse.

To complete the impulse structure, the final upward wave with the renewal of the current local maximums is lacking. Further, a transition to a longer correction and another impulse growth is expected.

As a result, no matter what, the situation has a bullish scenario. This means that buying is the most profitable decision for making a trading decision.

Investment idea: buy 1.1780, stop loss 1.1750, take profit 1.1830.