The price has not yet reached the previously indicated target of 61.8% on the Fibonacci grid. For this reason, the current decline is viewed as a correction within the forming wave C. In this scenario, the price is expected to resume its upward movement soon and reach the specified level. At that point, the extended corrective structure in the form of a flat will complete, and the price will begin to reverse.

In light of this, it is not recommended to rush into any trading decisions. It is necessary to observe whether the price continues to rise or if a reversal has already occurred, and only after that should one look for trading opportunities.

Recommendations: Flat.