Growth in the fifth wave of the final diagonal triangle

08.09.2021

The price continues to trade sideways. Meanwhile, during the last trading session there was a sharp jump from the lower border of the range of this sideways to the upper one, when it usually took several days.

Perhaps this is due to the beginning of a directional movement, in this case an upward movement. Then the bearish scenario will have to be forgotten. The upward variant assumes the formation of wave 5 of the final diagonal triangle. The goal is the upper border of the generatrix of this model.

Investment idea: buy 110.30, stop loss 110.00, take profit 112.50.