Contrary to expectations of a decline, the price rose confidently. Apparently, the zigzag in wave (y) was misidentified, as wave b of (y) did not correlate with the corresponding wave inside zigzag (w). Now everything appears more harmonious.

In this case, the current rise forming in an impulsive manner can be represented as the final rally within the development of wave (y). Under this scenario, the price will continue to grow for a short time, but the remaining upside potential is limited, making buying at this point risky.

In this situation, it is recommended to wait for an opportunity to open sell positions within the upcoming downside impulse movement. For now, it is best to stay patient and observe the market from the sidelines.

Recommendations: FLAT.