The hesitant price increase has continued. Such movement is often a correction. Based on the considered scenario, this is likely the case. The observed upward move is forming as wave b within a zigzag.

Thus, we may soon see a resumption of the decline with an impulsive character. Within this move, the final bearish wave C will form, completing the larger and complex corrective structure — a double zigzag.

Therefore, at the first signs of a downturn, selling is recommended.

Recommendations: SELL 1.1620, SL 1.1650, TP 1.1480.