Previously, it was noted that after the development of diverging horizontal triangles, the price moves towards forming an impulse not as swiftly, and is limited by insignificant updates of established extremes. Now we seem to be witnessing how wave 5 in the bullish impulse barely updated the local maximum.

The impulse is presumably complete. The market is gradually transitioning into a corrective phase, indicating that we can expect a decline in the near future. It’s hard to say how deep this retracement will be, but it’s worth trying to participate in this movement.

Recommendations: Sell at 1.2765, SL at 1.2790, TP at 1.2640.