Despite the fact that the price has started to decline, the overall outlook remains bullish. The observed pullback is corrective in nature and is driven by the formation of wave 4 within the developing correction.

Previously, a scenario was considered in which this wave had already been completed and growth in the final wave 5 of the upward impulse was expected. At this stage, however, there is a need to make slight adjustments.

For a more precise entry into long positions in anticipation of wave 5 development, it is recommended to wait for the start of an upward move and then look for buying opportunities on the subsequent corrective pullback.

Recommendation: BUY 1.1700, SL 1.1675, TP 1.1830.