The price, as expected, stopped growing and failed to update the local maximum. Sellers tried to take advantage of this hitch, but the result has turned out to be unsuccessful. But the situation is developing in favor of sellers and a decline is expected soon.

This is due to the formation of wave 2, which will probably take the form of a zigzag. Then the downward movement will be impulsive and will lead to the updating the current local minimum.

Investment idea: sell 1.3830, stop loss 1.3850, take profit 1.3725.