The week started off rather calmly, had no effect on the scenario in question. The quotes remain inside the contracting triangle, decreasing the range of movements every day. Very soon there will be nowhere to go, and we are impulsively going beyond the boundaries of the triangle.

Since a downward impulse is developing now, where the fourth wave is being born, we wait for the impulse exit downward, where the fourth wave will finally form.

In this case, a reversal will occur and an upward cycle will begin. But it will be later, and now we need to wait for the formation of wave [5] of (c) of y.

Idea: Sales 1.1240, SL 1.1260, TP 1.1100.