Scenario
Timeframe	Weekly
Recommendation	SELL
Entry Point	174.40
Take Profit	160.85, 152.20
Stop Loss	178.90
Key Levels	152.20, 160.85, 198.00, 210.00, 220.00

Alternative scenario
Recommendation	BUY STOP
Entry Point	198.05
Take Profit	210.00, 220.00
Stop Loss	194.05
Key Levels	152.20, 160.85, 198.00, 210.00, 220.00

The price is in a correction and a fall is possible.

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the development of the fifth wave (5) started. Now, the entry first wave of the lower level 1 of (5) has ended, and a local correction is developing as the second wave 2 of (5), within which the wave a of 2 has formed. If the assumption is correct, the price of the asset will fall to the area of 160.85–152.20. In this scenario, critical stop loss level is 198.00.

Main scenario

Short positions will become relevant below the level of 198.00 with the targets at 160.85–152.20. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price above the level of 198.00 will let the asset grow to the area of 210.00–220.00.