The probability of decline remains.

On the daily chart, the first wave of the higher level (1) of 5 has formed and a downward correction is developing as the second wave (2) of 5. At the moment, wave A of (2) and the upward corrective wave B of (2) have ended, in which wave c of B has appeared. If the assumption is correct, the price will drop to the area of 120.20–115.30. The level of 153.43 is critical and stop-loss for this scenario.

Main scenario

Short positions are relevant below the level of 153.43 with targets at 120.20–115.30. Implementation time: 7 days and more.

Alternative scenario

Breakout and consolidation of the price above 153.43 will allow the instrument to continue its uptrend to the area of 160.00–165.00.