Decrease within the development of a double zigzag is expected

29.09.2021

The price still chose to go down. Attempts to grow turned out to be an illusion. It has not been possible to update the local minimum yet, but this is a question of time. Probably, during the current trading session, we will still see an impulse movement. This is due to the formation of the Y wave of the forming double zigzag. The downside potential looks quite interesting, especially because we have a daily timeframe in front of us.

Therefore, a good downward movement is expected in the near future.

Investment idea: sell 1.1670, stop loss 1.1690, take profit 1.1450.