The probability of growth remains.

On the daily chart there is a construction of an ascending wave of the upper level C, in which the first wave (1) of C continues. At this moment, a third wave of the lower level 3 of (1) is forming, which forms wave v of 3. If the assumption is correct, then the price of the asset will rise in the area of ​​750.00–800.00. The critical stop-loss level for this scenario is 622.90.

Main stage

Long positions are relevant above the level of 622.90 with targets of 750.00–800.00. Implementation period: 7 days or more.

Alternative scenario

The breakout and price fixing below the 622.90 level will allow the asset price to continue declining in the 540.00– 490.00 area.