Price jumps, seemingly devoid of any logic at first glance, have continued. At the moment, this chaos is being considered as wave 5 in the upward impulse representing a final diagonal triangle. In this model, it is assumed that the final fifth wave is also forming.
For this, buyers need to become more active soon and make a push toward the upper boundary of the presumed final diagonal triangle. During this push, it is highly likely that the price will surpass the current high set by wave 3. However, a strong pullback is expected to follow.
Opening any trading positions in this situation is not recommended, as the potential for upward movement seems limited, and it is not yet the right time for selling.
Recommendations: Flat.