Continuation of development of correction

16.09.2021

The situation changed slightly over the past trading day. The development of a correctional wave 2 of an incipient upward impulse inside another impulse wave is still assumed.

Before further upward movement, a decline is expected, during which the supposed wave 2 will complete. Therefore, it is not recommended to rush to open any trade deals. In this situation it is worth waiting for the completion of the formation of the specified wave.

Investment idea: flat.