Price is preparing for impulse growth

30.08.2021

Buyers began to gain strength again. This indicates that the development of a large correction in the form of a double zigzag has come to an end and the stage of the formation of a large upward impulse has begun. The growth may be protracted and will certainly be aimed at updating the price maximums on the daily timeframe.

So far, this movement is only being prepared, and the first and second waves have been formed. Consequently, it is worth looking closer at buying already at current market prices. Growth is expected within the third wave on the hourly chart.

Investment idea: buy 1.1810, stop loss 1.1785, take profit 1/1970.