Is the price betting on growth again?

27.08.2021

The price stayed at the previous price values, which increases the duration of the fifth wave of the supposed diagonal. In this case the third wave becomes the shortest, and this already contradicts the rules, respectively, the assumption about the development of the final diagonal is erroneous. Perhaps the formation of the correction was already completed earlier, and the subsequent growth is the beginning of the formation of an upward impulse.

Therefore, in the near future we are expecting an upward movement in an impulse form.

Investment idea: 1.1780, stop loss 1.1750, take profit 1.1900.