The corrective decline turned out to be deeper than initially expected. Ultimately, the price made another move toward the upside. It is possible that internal leading waves in the next impulse cycle have begun to form, where the development of wave iii is expected.

If this is indeed the case, we will see a continuation of the upward movement in the near future, during which the local high set by corrective wave x will be significantly updated.

Consider buying at current market prices, placing a protective stop loss at the local minimum set by the presumed wave y of ii.

Recommendations: BUY 1.1720, SL 1.1675, TP 1.1925.