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

On the daily chart, wave (3) of a higher degree is currently developing, with wave 1 of (3) already in place, and the local correction as wave 2 of (3) has ended, and now wave 3 of (3) is developing. On the four-hour time frame, an upward lower-degree wave i of 3 has formed, and a correction is developing as the second wave ii of 3. If this scenario proves correct, the downward trend is expected to continue toward the 316.00–306.75 area, with the critical stop loss level for this scenario at 351.25.