Waiting for the exit of the price from the sideways

31.05.2021

The price remains in a sideways trend since the middle of the current month. There is preparing for good directional movement. So far, the situation indicates that we are expected to go down in the future. The main signal to decline is the development of the final diagonal triangle as the expected wave [v] of v.

However, to confirm the price intention to move down, it is worth waiting for it to go beyond the sideways. The chart shows the expected level breakout of which will serve as a signal to sell.

Investment idea: sell 1.4085, stop loss 1.4110, take profit 1.3650.