The price remains in correction

19.02.2021

An option with the development of the diagonal is still valid. The price is expected to decline after the completion of this pattern, but the correction is far from completion. An upward rebound is expected in the near future, after which the decline will resume.

Trying to catch this rebound is not recommended, insofar as the price may continue to decline and make a corrective rise substantially below the expected levels.

In this situation, it is recommended to stay out of the market and watch the development of events from the outside.

Investment idea: flat.