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

On the daily timeframe, the development of the ascending first wave of the higher degree within wave 1 of C has concluded, and a corrective phase is now forming as wave 2 of C. On the four-hour timeframe, wave c of 2 is developing, with wave (iii) of c having already formed, the local corrective phase as wave (iv) of c having concluded, and wave (v) of c currently forming. If this scenario proves correct, the downward trend is expected to continue toward the 23.00–21.65 area, with the critical stop loss level for this scenario at 26.70.