The price tried to rise again and this decision was unsuccessful again. The third systematically declining maximum has turned out, indicating the beginning of the development of a certain bearish pattern. In our case, it is assumed that this is the initial diagonal triangle.

A further decline to the lower generatrix is necessary for confirmation, in this regard, I think, there will be no surprises and we will see this decline.

Therefore, the continuation of the downward movement is expected in the near future due to the development of the correctional wave (2).

Investment idea: sell 1.2170, stop loss 1.2190, take profit 1.2070.