07-12-2022
The price for this pair continues to remain under slight pressure, and it is likely that the development of the final part of the upward correction continues.
If the current assumption is that the final part on the lower degrees can take the form of a diagonal, then this fact will be a good basis for performing a downward price reversal.
It is also worth understanding that the current decline may continue without updating the local maximum.
06-12-2022
The price for this pair continues to remain in the area of the reached levels, and it is likely that the development of the final part of the upward correction continues.
If the current assumption is that the final part on the lower degrees can take the form of a diagonal, then this fact will be a good basis for performing a downward price reversal.
29-11-2022
The price for this pair is trying to perform a downward reversal, but despite this fact, there is still a possibility that the expected decline will begin after the formation of at least one more new maximum.
If the current assumption is that the final part on the lower degrees can take the form of a diagonal, then this fact will be a good basis for performing a downward price reversal.
24-11-2022
The price for this pair, unlike the Euro, has already formed a new maximum, and at the moment it is advisable to consider a scenario according to which the entire corrective wave of growth is already at the stage of its completion.
That is, it is likely that soon the pair’s value will form the first pattern in the form of a 5-3 formation down, which will be a good basis for resuming a large downward trend.
23-11-2022
The price for this one continues to remain in the area of the reached levels, and it is still possible that the development of the first pattern in the form of a 5-3 formation down is being completed or has already been completed at the lower degrees.
If the current assumption is supported, then fixing the price below the confirming level may resume pressure on the pair’s value as part of the downward trend.
It is also worth understanding that the height of the current growth may already indicate that the development of the entire corrective wave of growth is currently being completed.
22-11-2022
The price for this pair, unlike the Euro, continues to attempt to perform a downward reversal, and it is still possible that the development of the first pattern in the form of a 5-3 down formation is being completed or has already been completed at the lower degrees.
If the current assumption is supported, then fixing the price below the confirming level may resume pressure on the pair’s value as part of the downward trend development.
It is also worth understanding that the height of the current growth may already indicate that the development of the entire corrective wave of growth is currently being completed.
21-11-2022
The price for this pair, by analogy with the Euro, continues to attempt to perform a downward reversal, and it is still possible that the development of the first pattern in the form of a 5-3 down formation is being completed or has already been completed at the lower degrees.
If the current assumption is supported, the price fixing below the confirming level may resume pressure on the pair’s value as part of the downward trend development.
It is also worth understanding that the height of the current growth may already indicate that the development of the entire corrective wave of growth is currently being completed.
17-11-2022
The price for this pair, by analogy with the Euro, continues to remain in the area of the reached levels, and it is still possible that the development of the first pattern in the form of a 5-3 down formation is being completed or has already been completed at the lower degrees.
If the current assumption is supported, then fixing the price below the confirming level may resume pressure on the pair’s value as part of the downward trend.
It is also worth understanding that the height of the current growth may already indicate that the development of the entire corrective wave of growth is currently being completed.
16-11-2022
The price for this pair, by analogy with the Euro, performed a confident upward movement, almost immediately performed a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 downward formation began at the lower degrees.
If the current assumption is supported, then fixing the price below the confirming level may resume pressure on the pair’s value as part of the downward trend.
It is also worth understanding that the height of the current growth may already indicate that the development of the entire corrective wave of growth is currently being completed.
15-11-2022
The price for this pair, by analogy with the Euro, could not continue to move down, forming a fairly confident new maximum, and it is possible that the development of the upward wave of the assumed plane is only now being completed.
If the current assumption is supported, the formation of the first pattern in the form of a 5-3 down formation may become the basis for the resumption of a large down trend.
It is also worth understanding that the height of the current growth may already indicate that at the moment the development of everything, the corrective wave of growth, is coming to an end.
10-11-2022
The price for this pair, by analogy with the Euro, makes a downward reversal, and although there is still a possibility of updating the local maximum, it is still possible that the development of the first pattern has begun in the form of a 5-3 formation down at lower degrees.
If this assumption is supported, then the formation of the first pattern in the form of a 5-3 formation down will be a good basis for resuming the downward trend.
Also, it is still worth understanding that the correction in question may take the form of a triangle, which in turn may slow down the expected price decline.
09-11-2022
The price for this pair, by analogy with the Euro, continued to move up, and it is possible that the formation of a growth wave is being completed or has already been completed.
If this assumption is supported, then the formation of the first pattern in the form of a 5-3 down formation will be a good basis for resuming the down trend.
Also, it is still worth understanding that the correction in question may take the form of a triangle, which in turn may slow down the expected price decline.
08-11-2022
The price for this pair, by analogy with the Euro, continued to move up, and it is possible that, under the assumption of the development of the plane, the formation of a growth wave is only now being completed.
If the current assumption continues to receive support, then soon the value of the pair will form a basis that will become the basis for performing a downward price movement.
Also, it is still worth understanding that the correction in question may take the form of a triangle, which in turn may slow down the expected price decline.
07-11-2022
The price for this pair, by analogy with the Euro, performed an upward pullback, but unlike the Euro, this pullback quite acceptably fits into the framework of the current assumption about the development of a wave of decline.
If the current assumption continues to receive support, then fixing the price below the confirming level may continue to put pressure on the value of the pair.
Also, it is still worth understanding that the correction in question may take the form of a triangle, which in turn may slow down the expected price decline.
04-11-2022
The price for this pair has confidently resumed its downward movement, and it is still possible that the formation of a downward wave of the assumed plane continues, the form of which the correction in question may take.
If the current assumption continues to receive support, then fixing the price below the confirming level may continue to put pressure on the value of the pair.
It is also worth understanding that the correction in question may take the form of a triangle, which in turn may slow down the expected price decline.
03-11-2022
The price for this pair continues its local downward movement, and it is possible that the formation of a descending wave of the assumed plane continues, the form of which the correction in question can take.
If the current assumption continues to receive support, fixing the price below the confirming level may increase the pressure on the pair’s value.
02-11-2022
The price for this pair continues its local downward movement, and it is possible that the formation of a base for the development of a downward wave of the assumed plane continues, the form of which the assumed correction may take.
If the current assumption continues to receive support, fixing the price below the confirming level may increase the pressure on the pair’s value.
01-11-2022
The price for this pair resumed its downward movement, and it is possible that the development of a downward wave of the assumed plane has begun, the form of which the assumed correction can take.
If the current assumption continues to receive support, then fixing the price below the confirming level may increase pressure on the pair’s value.
28-10-2022
The price for this pair continues to remain in the area of the reached levels, and it is still possible that the development of the ascending part of the assumed plane is being completed or has already been completed.
If the current assumption continues to receive support, then, in the near future, perhaps after updating the local maximum, the pair’s value will perform a downward reversal.
27-10-2022
The price for this pair continues to move up and, unfortunately, due to the lack of a confidently completed model, it is still difficult to assume the form of the expected medium-term correction.
But, despite the current uncertainty, it is possible to consider a scenario according to which the correction will take the form of a plane. Therefore, if the current assumption continues to receive support, the pair’s value will perform a downward reversal in the near future.
26-10-2022
The price for this pair continues to move up and, unfortunately, due to the lack of a confidently completed model, it is still difficult to assume the form of the expected medium-term correction.
But, despite the current uncertainty, it is possible to consider a scenario according to which the correction will take the form of a plane. Therefore, if the current assumption continues to receive support, the pair’s value will perform a downward reversal in the near future.
21-10-2022
The price for this pair has resumed its downward movement, and it is still possible to consider a scenario according to which a medium-term correction is developing, which may take the form of a triangle.
If the current assumption continues to receive support, the pair’s value will continue to move down in the near future.
19-10-2022
The price for this pair continues to remain in the area of the reached levels, as before, due to the lack of an impulse structure in the previous price increase, at the moment it is difficult to assume the shape and height of the expected medium-term correction.
But, despite the current uncertainty, we can continue to consider the option according to which the medium-term correction may take the form of a triangle.
If this assumption is supported, fixing the price below the confirming level may increase the pressure on the pair’s value.
18-10-2022
The price for this pair has updated the local maximum at lower degrees and, as before, due to the lack of an impulse structure in the previous price increase, at the moment it is difficult to assume the shape and height of the expected medium-term correction.
But, despite the current uncertainty, we can continue to consider the option according to which the medium-term correction may take the form of a triangle.
If this assumption is supported, fixing the price below the confirming level may increase the pressure on the pair’s value.
14-10-2022
The price for this pair has made a relatively significant upward movement and, as before, due to the lack of an impulse structure in the previous price increase, at the moment it is difficult to assume the shape and height of the expected medium-term correction, especially since the cross pairs have updated local highs.
But, despite the current uncertainty, it is possible to consider the option according to which the medium-term correction may take the form of a triangle, and if this assumption is supported, it is possible that in the near future the value of the pair may resume its downward movement.
13-10-2022
The price for this pair continues to remain under pressure and, unfortunately, due to the lack of an impulse structure in the latest price increase, at the moment it is difficult to assume the shape and height of the expected medium-term correction.
But, despite the current uncertainty, we can consider the option according to which the medium-term correction can take the form of a triangle, and if this assumption is supported, then after a relatively confident downward movement of the price, we should expect another attempt to move the pair’s value up.
12-10-2022
The price for this pair continues to remain under pressure and, unfortunately, due to the lack of an impulse structure in the latest price increase, at the moment it is difficult to assume the shape and height of the expected medium-term correction.
But, despite the current uncertainty, we can consider the option according to which the medium-term correction can take the form of a triangle, and if this assumption is supported, then after a relatively confident downward movement of the price, we should expect another attempt to move the pair’s value up.
10-10-2022
The price for this pair continues to remain under pressure, and it is possible that the development of a local correction as part of the upward momentum under consideration is coming to an end at the lower degrees.
If the current assumption is supported, then, after updating the local minimum at the lower degrees, the pair’s value may resume upward movement.
It is also worth understanding that the depth of the current decline is already beginning to be alarming, since the continuation of this decline may complicate the structure of determining the corrective wave of growth.
07-10-2022
The price for this pair continues to remain under pressure, and it is possible that the development of a local correction as part of the upward momentum under consideration is coming to an end at the lower degrees.
If the current assumption is supported, then, after updating the local minimum at the lower degrees, the pair’s value may resume upward movement.
06-10-2022
The price for this pair performed a pullback downwards and it is possible that the development of a local correction as part of the upward momentum under consideration began at the lower degrees.
If the current assumption is supported, then after the completion of the corrective pullback, we should expect a resumption of price growth.
05-10-2022
The price for this pair continues its local upward movement, and it is still possible that the formation of the third wave of impulse growth is being completed as part of the upward momentum.
If the current assumption is supported, then after a slight pullback down, the pair’s value will form another new maximum, after which it will enter the stage of a corrective decline.
04-10-2022
The price for this pair continues its local upward movement, and without canceling the previously considered scenario, it can be assumed that the formation of the third wave of impulse growth is completed as part of the upward momentum.
If the current assumption is supported, then after a slight pullback down, the pair’s value will form another new maximum, after which it will enter the stage of a corrective decline.
03-10-2022
The price for this pair, under the current assumption, continues to develop the impulse part of the growth wave, and it is possible that the formation of a series of the first 1-2 1-2 waves upwards is taking place at the lower degrees.
That is, although against the background of the dollar index, which can still form a new maximum in 2022, the value of the Pound may continue to move down, yet if the assumption receives support, fixing the price above the confirming level may strengthen the dynamics of the pair’s upward movement.
29-09-2022
The price for this pair continues to attempt to resume the downward movement as part of the continuation of the development of the local downward momentum, and if this assumption continues to receive support, then soon the pair’s value will form a new minimum.
But, it should be understood that the last rebound of the price up, as well as a critically high number of bulls for the US dollar, can lead to continued growth in the value of the pair, without updating the minimum.
28-09-2022
The price for this pair is trying to resume its downward movement as part of the continuation of the development of the local downward momentum, and if this assumption continues to receive support, then soon the pair’s value will form a new minimum.
But, it should be understood that the last rebound of the price up, as well as a critically high number of bulls for the US dollar, can lead to continued growth in the value of the pair, without updating the minimum.
27-09-2022
The price for this pair performed a relatively confident upward movement, but despite this fact, it is still possible that the downward momentum continues its development.
If the current assumption receives support, then in the near future the pair’s value may resume its downward movement and form a new local minimum.
26-09-2022
The price for this pair within the framework of the scenario under consideration confidently continued to move down, but the dynamics and depth of the decline most likely indicates that the impulse part of the wave of decline is still continuing its development, so it is possible that after the completion of the corrective pullback, the value of the pair will resume its downward movement.
23-09-2022
The price for this pair continues to remain under pressure within the framework of the scenario under consideration, and it is likely that the development of the final impulse wave of decline is currently coming to an end.
If the current assumption continues to receive support, then the formation of the first pattern in the form of a 5-3 formation up will be a good basis for starting a round of price strengthening.
22-09-2022
The price for this pair within the framework of the scenario under consideration confidently continued to move down and it is likely that the development of the final impulse wave of decline is currently being completed.
If the current assumption continues to receive support, then the formation of the first pattern in the form of a 5-3 formation up will be a good basis for starting a round of price strengthening.
21-09-2022
The price for this pair continues to remain under pressure, and it is still possible that the current decline is the final impulse wave down, which will crown the completion of the first part of the final wave of a large diagonal down.
If the current assumption is supported, then in the near future the value of the pair will continue to move down and form a new minimum in 2022.
15-09-2022
The price for this pair continues to remain under pressure, and it is still possible that the current decline is the final impulse wave down, which will crown the completion of the first part of the final wave of a large diagonal down.
If the current assumption is supported, then in the near future the value of the pair will continue to move down and form a new minimum in 2022.
14-09-2022
The price for this pair performed a confident downward movement, and the dynamics of this decline led to an adjustment of the structure on the charts of higher degrees.
That is, it is likely that the current decline is the final downward impulse wave, which will crown the completion of the third wave of a large downward impulse.
If the current assumption is supported, then, after a slight upward pullback, the pair’s value will continue to move down and form a new minimum in 2022.
13-09-2022
The price for this pair confidently continued to grow, and although it is still possible that a series of impulse waves of growth is developing, it is still advisable to consider a scenario according to which the development of the first pattern in the form of a 5-3 formation up is only now being completed.
If this assumption is supported, then the pair’s value will soon complete the pattern under consideration, after which we should expect an increase in price growth.
12-09-2022
The price for this pair continues to remain in the area of the reached levels, and it is possible that the development of a series of the first 1-2 1-2 waves up is coming to an end at the lower degrees.
If the current assumption is supported, then in the near future the value of the pair will be able to gain a foothold above the confirming level, which in turn may strengthen the dynamics of price growth.
09-09-2022
The price for this pair, within the framework of the assumption under consideration, is trying to perform an upward reversal, and it is possible that the development of the first pattern in the form of a 5-3 upward formation has begun.
If the current assumption continues to receive support, the completion of this pattern will be a good basis for a confident resumption of price growth.
08-09-2022
The price for this pair has updated the local minimum, and it is possible that at the moment the development of the first pattern has begun in the form of a 5-3 formation up.
If the current assumption is supported, then the completion of this pattern will be a good basis for a confident price increase.
05-09-2022
The price for this pair continued to move downwards and it is possible that the descending wave of the plane or triangle takes the form of a Triple zigzag, which is at the stage of its completion.
If the current assumption is supported, then after updating the minimum, we should expect a confident upward reversal of the price.
03-09-2022
The price for this pair continued to move downwards and, considering the structure of the local decline, it is possible that the descending wave of the plane or triangle takes the form of a Triple zigzag, which is at the stage of its completion.
If the current assumption is supported, then after updating the minimum, we should expect a confident upward reversal of the price.
31-08-2022
The price for this pair has updated the local minimum, and it is possible that at lower degrees the final part of the wave of decline may take the form of a diagonal.
If this assumption is supported, then the completion of this diagonal will be a good basis for a confident upward reversal.
25-08-2022
The price for this pair, by analogy with the Euro, continues to attempt an upward reversal, but it is still possible that the downward wave of the assumed plane or triangle will take a completed form when the local minimum is updated.
That is, although the growth may begin almost from the current levels, the formation of a new local minimum will become a more acceptable sign for the beginning of a steady price growth.
24-08-2022
The price for this pair, by analogy with the Euro, performed a confident upward movement, and almost immediately returned back, so it is still possible that the formation of a descending wave of the assumed plane or triangle is being completed.
If this assumption continues to receive support, then soon, perhaps after updating the local minimum, the value of the pair will perform a confident upward reversal.
23-08-2022
The price for this pair, by analogy with the Euro, continued to move down, and it is still possible that the medium-term correction may take the form of a plane or triangle, as part of which the development of a descending wave is completed.
If the current assumption is supported, then, in the near future, perhaps after updating the local minimum, the pair’s value will perform a confident upward reversal.
22-08-2022
The price for this pair, by analogy with the Euro, continued to move down, and at the moment it is possible to consider a scenario according to which the expected medium-term correction may take the form of a plane or triangle, as part of which the development of a descending wave is completed.
If the current assumption is supported, then, in the near future, perhaps after updating the local minimum, the pair’s value will perform a confident upward reversal.
19-08-2022
The price for this pair confidently continued to move down, and it is possible that at the moment the development of a local correction is being completed or has already been completed, which takes the form of a plane.
That is, although the dynamics and depth of the current decline may significantly change the form of the medium-term correction under consideration, nevertheless, the formation of the first pattern in the form of a 5-3 formation upward at lower degrees may become a good basis for resuming price growth.
18-08-2022
The price for this pair could not resume the upward movement, and it is possible that a new local minimum will be formed, which in turn retains great potential for the implementation of an alternative scenario.
If the current assumption is supported, then in the near future the value of the pair will update the local minimum, after which it can perform a quite confident upward movement.
17-08-2022
The price for this pair has fulfilled the minimum conditions for completing the development of a local corrective wave of decline, which presumably takes the form of a plane, and it is possible that the development of the first pattern in the form of a 5-3 formation upwards has begun at the lower degrees.
That is, although in the alternative scenario, the price may continue its downward movement, if the current assumption receives support, then in the near future the pair’s value may perform a fairly confident upward movement.
16-08-2022
The price for this pair continues its local downward movement, and it is still possible that as part of a correction with a degree lower, which takes the form of a plane, the development of the final impulse part downwards is completed.
If this assumption continues to receive support, then the test of the local minimum at the lower degrees may indicate the completion of the correction, after which we should expect the resumption of the upward movement of the price.
Also, it is still not necessary to exclude the possibility that a correction at lower degrees may take the form of a triangle, so the expected price increase may begin without a local minimum test.
15-08-2022
The price for this pair performed a local downward movement, and it is possible that as part of a correction with a degree lower, which takes the form of a plane, the development of the final impulse part downwards began.
If this assumption continues to receive support, the test of the local minimum at the lower degrees may indicate the completion of the correction, after which we should expect the resumption of the upward movement of the price.
Also, it is still not necessary to exclude the possibility that a correction at lower degrees may take the form of a triangle, so the expected price increase may begin without a local minimum test.
12-08-2022
The price for this pair continues to remain in the area of the reached levels, and it is still possible that at the moment the formation of the ascending part of the local correction as part of the corrective wave of growth by a degree older is being completed or has already been completed.
If the current assumption continues to receive support, then after updating the local maximum, we should expect the price to turn down.
Also, it should be understood that the current scenario implies a price increase within the correction, and there is still no certainty about what form and height this correction will take.
11-08-2022
The price for this pair has confidently resumed its upward movement within the framework of the scenario under consideration, and it is possible that the development of the upward part of the correction wave, which may take the form of a plane or triangle, is currently being completed.
Therefore, if the current assumption receives support, then soon, perhaps after updating the local maximum, the pair’s value can confidently resume its downward movement.
10-08-2022
The price for this pair is trying to perform an upward reversal, and it is still possible that the previous growth is the first zigzag as part of a double zigzag upward, which may take the form of a medium-term corrective wave of growth.
That is, it is possible that the local correction continues to develop as part of this model, which may take the form of a triangle or a plane.
Therefore, if the current assumption receives support, then, soon, perhaps after updating the minimum at the lower degrees, the pair’s value will confidently resume its upward movement.
09-08-2022
The price for this pair is trying to perform an upward reversal, and it is still possible that the previous growth is the first zigzag as part of a double zigzag upward, which may take the form of a medium-term corrective wave of growth.
That is, it is possible that the local correction continues to develop as part of this model, which may take the form of a triangle or a plane.
Therefore, if the current assumption receives support, then, soon, perhaps after updating the minimum at the lower degrees, the pair’s value will confidently resume its upward movement.
08-08-2022
The price for this pair has updated the local minimum at lower degrees, and it is possible that the previous growth is the first zigzag as part of a double zigzag upward, which may take the form of a medium-term corrective wave of growth.
That is, it is possible that as part of this model, the development of a local correction has begun, which can take the form of a triangle or a plane.
Therefore, if the current assumption receives support, then, soon, perhaps after updating the minimum at the lower degrees, the pair’s value will confidently resume its upward movement.
06-08-2022
The price for this pair has updated the local minimum at lower degrees, and it is possible that the previous growth is the first zigzag as part of a double zigzag upward, which may take the form of a medium-term corrective wave of growth.
That is, it is possible that as part of this model, the development of a local correction has begun, which can take the form of a triangle or a plane.
Therefore, if the current assumption receives support, then, soon, perhaps after updating the minimum at the lower degrees, the pair’s value will confidently resume its upward movement.
December
The price of the Pound is likely to complete the development of the correction as part of the final wave of the diagonal down, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, the price will soon perform a downward reversal.
November
The Pound price continues to develop a correction as part of the final wave of a large diagonal downward, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, then most likely the correction will be in its development stage for some time, after which the current downward trend will continue.
October
The price of the Pound continues to move down, with a slight stretch, we can consider a scenario according to which the development of the first part of the downward wave of the assumed diagonal downward is only now being completed.
That is, although the current minimum may already indicate the completion of the big diagonal down, it is still possible that the local growth is just a correction as part of the final wave of the big diagonal down.
September (correction of the structure)
The price of the Pound continues to move down, with a slight stretch, we can consider a scenario according to which the development of the first part of the downward wave of the assumed diagonal downward is only now being completed.
That is, although the update of the absolute minimum may indicate the completion of the entire diagonal down, there is still a high probability that the price reversal will be corrective.
September
The Pound price confidently continues to move down, and although this fact supports the assumption of the development of a large downward diagonal, yet the dynamics of the decline does not yet allow us to assert with any degree of confidence the choice of one or another structure of the final wave of decline.
But, despite the current uncertainty, we can continue to consider the scenario with the development of a double downward zigzag, which includes the development of a local correction, which can take the form of a plane or triangle.
On the daily chart, it is likely that the first part of the descending wave of a large diagonal down has already taken a completed form, as part of which the final chat took the form of a diagonal, and the development of a relatively protracted corrective wave of growth has begun.
At the initial stage of correction development, it is almost impossible to assume the shape and height of the model, but if this assumption continues to receive support, then in the near future we should expect the development of medium-term, local growth.
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December
The price of the Pound is likely to complete the development of the correction as part of the final wave of the diagonal down, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, the price will soon perform a downward reversal.
November
The Pound price continues to develop a correction as part of the final wave of a large diagonal downward, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, then most likely the correction will be in its development stage for some time, after which the current downward trend will continue.
October
The price of the Pound continues to move down, with a slight stretch, we can consider a scenario according to which the development of the first part of the downward wave of the assumed diagonal downward is only now being completed.
That is, although the current minimum may already indicate the completion of the big diagonal down, it is still possible that the local growth is just a correction as part of the final wave of the big diagonal down.
September
The Pound price confidently continues to move down, and although this fact supports the assumption of the development of a large downward diagonal, yet the dynamics of the decline does not yet allow us to assert with any degree of confidence the choice of one or another structure of the final wave of decline.
But, despite the current uncertainty, we can continue to consider the scenario with the development of a double downward zigzag, which includes the development of a local correction, which can take the form of a plane or triangle.
The price of the Pound in the framework of the indicated scenario continues to remain under significant pressure, and it is still possible that the structure of the final wave of a large diagonal downward is developing.
If the current assumption continues to receive support, then in the near future the value of the pair will complete the first part of this wave of decline, after which it will enter the stage of medium-term corrective price growth.
The price for this pair in the framework of the scenario under consideration has updated the local minimum, thereby fulfilling the minimum conditions for completing the first part of the downward wave of the assumed diagonal downward.
That is, although there is still a possibility of updating the local minimum, there is still a high probability that the current upward rebound is the beginning of a corrective growth.
