The possibility of growth remains.

On the daily chart, the third wave of the higher level 3 has been formed, the downward correction as the fourth wave 4 has ended, and the fifth wave 5 is being built, in which wave (3) of 5 continues to develop. At the moment, the third wave of the lower level 3 of (3) has already appeared, and there is also a local correction as the fourth wave 4 of (3). If the assumption is correct, the price will rise to the area of 385.00–410.00. The level of 306.15 is critical and stop-loss for this scenario.

Main scenario

Long positions are relevant above the level of 306.15 with targets at 385.00–410.00. Implementation time: 7 days and more.

Alternative scenario

Breakdown and consolidation of the price below the level of 306.15 will allow the trading instrument to continue its downward dynamics to the area of 291.20–274.30.