The probability of the beginning of the correction increases

30.09.2021

Despite expectations of the beginning of the correction, the price continued to grow steadily and almost reached the target in the form of the upper border of the channel. Meanwhile, the probability of the beginning of the correction has increased and it is absolutely clear that we do not want to buy at current prices.

Therefore, a pullback is expected in the near future, which is part of the fourth corrective wave. After that, the price will probably still reach its intended target. After that, it is necessary to watch how it behaves.

Investment idea: flat.