Solid News

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

On the daily chart, a downward correction ended as the fourth wave of the higher level 4, and the fifth wave 5 forms, within which the first wave of the lower level (1) of 5 develops. Now, the wave 1 of (1) has formed, and the development of the local correction 2 of (1) has started, within which the wave a of 2 is forming. If the assumption is correct, the price of the asset will fall to the area of 127.45–122.00. In this scenario, critical stop loss level is 144.02.