The situation continues to develop in line with the previously considered scenario, which suggests the formation of a downward impulse.

At present, wave i and wave ii (which is a zigzag) have been completed. Following the formation of the corrective wave, an attempt at a sharp drop was made, but buyers halted this movement.

However, the overall picture maintains a bearish character. Thus, in the near term, we may see a continuation of the decline as wave iii of the downward impulse develops.

In light of this, entering sell positions upon a breakout of the local low should be considered.

Recommendations: SELL 1.1585, SL 1.1600, TP 1.1450.