The development of the double zigzag continues

24.03.2021

The price fell below the local minimum, which indicates a continuation of the correction or the development of a diagonal triangle. So far, the correctional scenario has been chosen as the main option, according to which the development of the double zigzag continues.

The decline observed at the moment has impulsive nature, a third wave is being formed. In the future, it is expected to continue its formation.

Investment idea: sell 1.1840, stop loss 1.1870, take profit 1.1750.