Expectations of decline persist

02.11.2021

The price tried to start a decline in order to implement the proposed scenario and finally complete the development of the corrective wave iv. It turned out to move to a small distance.

Perhaps the price movement will be more vigorous today and we will still see the development of the impulse and the renewal of the local price minimum. In this case, it is worth looking closely at sales at the renewal of the local minimum set during yesterday’s trading session.

Investment idea: sell 113.85, stop loss 114.00, take profit 112.80.