Over the past period, the situation has changed only slightly. However, the expected decline has not materialized. Instead, the price has risen slightly, while still remaining within the forming correction.

In the near term, a decline is still expected, driven by the development of wave z, which is part of a triple three. After that, an impulsive upward movement may begin.

For this reason, it is still worth considering short positions at current market levels. The movement potential looks quite attractive for such a trading decision.

Recommendations: SELL 1.1660, SL 1.1675, TP 1.1580.