The price movement on the last trading day of the past week fully replicated the pattern indicated on the chart. There was a renewal of the local minimum and a touch of the upper boundary of the channel, followed by a sharp decrease to the opposite side and again an attempt to rise.

This likely formed wave 4 in the initial diagonal triangle. Therefore, the current price rise is part of wave 5 of the same wave model. In this case, we can expect a continuation of the price increase with the renewal of the local maximum and subsequent corrective decrease.

This will form waves 1 and 2 in the emerging upward phase, which may take either an impulsive or corrective form. In the current situation, it is not recommended to open any trades, as the potential for movement appears insignificant.

Recommendations: Flat.