The current price decline appears to be forming within the development of a terminal diagonal triangle. Wave 3 in this model seems to be more prolonged than initially anticipated. The update of the minimum during the final trading session of last week indicates the progression of wave 5 of 5.

At the moment, this wave still has some potential for further development. The target zone, within which the fifth wave—and the entire downward movement—is expected to conclude, lies at the lower boundary of the terminal diagonal triangle.

In light of this, one could either consider short-term sell trades or wait for the structure to complete, allowing the price to reach the designated target zone and begin to rise, opening longer-term buy positions.

Recommendations: Sell 1.0240, SL 1.0265, TP 1.0150.