The price cannot leave alone the lower border of the channel, from which it bounced so confidently quite recently. Now there is an attempt to increase prices again and it looks very promising. Movement in the upward direction is assumed within the formation of a wave c of 5, a diagonal triangle.

Additionally, if you look closely, a zigzag has been formed during the last two trading days, which indicates a transition of the price to a new phase of the movement’s development, in our case it is an increase.

Investment idea: buy 109.45, stop loss 109.20, take profit 112.00.