The price failed to reach the previously designated target of 61.8% on the Fibonacci retracement level. Increased selling pressure pushed the price down, and this decline may mark the start of a prolonged downward impulsive movement.

This is likely due to the earlier completion of a major correction that took the form of a flat pattern. Prior to this correction, the price was confidently declining in an impulsive style. Therefore, both patterns are presumably part of an even larger downward impulsive wave. In this case, the anticipated drop will constitute the third wave, and third waves are often the longest and strongest. As a result, it is recommended to consider selling positions.

Recommendations: Sell 152.10, SL 152.40, TP 140.00.