The last trading day of the past week was disastrous for buyers. Instead of initiating a correction, which seemed likely after what appeared to be a completed downward impulse, the price plummeted even further. This entire decline is still viewed as impulsive, with both the third and fifth waves equally extended.

The new week is likely to start with attempts by buyers to regain their position. Already, the price seems to be cautiously looking upward. However, what this will ultimately lead to will become clear later.

Currently, it’s worth trying to buy at current market levels, aiming to capture movement in the anticipated correctional phase.

Recommendations: Buy 1.0980, SL 1.0960, TP 1.1030.