Bullish attempts to take the initiative have failed. As a result, a non-ideal bearish convergent triangle within the fourth wave of bearish impulse. Not long after that, the quotes fell, apparently, to form [5] of (c) of y – the final wave.

Usually, after the breakdown of triangles, price impulses are insignificant, so you should not expect a significant drop. Most likely, there will be a slight update of the local minimum, after which there will be a reversal in the development of an upward cycle of movement.

Nevertheless, there is still potential for a decline, and it is worth considering an entry with a short trade in the emerging wave [5].

Idea: Sales 1.1240, SL 1.1260, TP 1.1150.