The price remains under pressure, facing an aggressive response to every attempt to resume growth. This is likely due to the ongoing correction, which currently appears to be forming a double zigzag pattern. At the moment, the second part of this pattern, wave y, is taking shape. If this assumption is correct, there is a high probability that the price will decline slightly further to complete the corrective model.

In this scenario, the entire decline will form wave 2 within the emerging upward impulse movement. After that, confirmation of the price’s intention to rise within wave 3 should be awaited. The potential for an impulsive rally in this case is quite significant, so waiting for a buying opportunity is advisable. Until then, quick short-selling trades at current market levels can be considered.

Recommendations: Sell 1.0355, SL 1.0375, TP 1.0300.