Price may start the development of a correction

27.10.2021

An attempt to update the current local maximum and thereby form the final fifth wave of the impulse ended in failure. As soon as the buyers wanted to make a breakthrough, they were swept away by an avalanche of sales and all their efforts turned out to be a waste of time and effort.

Therefore, it may turn out that the fifth wave was formed truncated. Then in the near future we will see the development of the correction. In any case, it is not recommended to make any trading decisions yet. It is worth taking a break to clarify the current situation.

Investment idea: flat.