The price is in correction, the probability of decline remains.

On the daily chart, the first wave of the higher degree, wave 1 of C, has formed, while the downward correction continues to develop as wave 2 of C, within which wave c of 2 is unfolding. On the four-hour chart, the third wave of the lower degree, wave (iii) of c, has completed, and a local correction is currently forming as wave (iv) of c. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 21.35–19.60 zone, with the critical stop loss level at 23.60.