The price continues to form a correction

08.06.2021

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The market situation remains quite vague. The price rushes up and down, actually staying within the same price range. This behavior is typical for corrections. Probably, the development of wave (2) continues at the moment. In the near future, a sharp decline is possible, which will complete the development of the initial diagonal triangle or one of the complex corrective patterns.

It is not recommended to trade in this situation, it is better to close previously opened deals and wait for a good directional movement in which the price will go beyond the correction range.

Investment idea: flat.