Resuming purchases when updating the local maximum

05.05.2021

After a small storm caused by a sharp decline and rebound, the price steadily begins to calm down. Meanwhile, the proposed option with further impulsive growth in the framework of the development of wave (iii) is still relevant.

Further upward movement will probably continue after a short correction. An update of the current local maximum will become a signal to buy. Until then, it is advisable to stay out of the market and wait patiently.

Investment idea: buy 109.70, stop loss 109.50, take profit 110.80.