"The current correction is coming to an end - we are waiting for another confirmation in the form of an upward impulse and buy."
From 20th July (green checkmark), we received a pretty decent impulse in the form of conditional five waves, and if we rely on the Elliott wave approach, we are now in a correctional cycle similar to the complicated WXY construction (marked in blue)
At the moment, the WXY correction may already be completed, but we can also go down a little more so that the corrective pattern looks more harmonious.
This does not really matter, as the confirmation will lead to momentum. In other words, we should get an upward momentum to get additional confirmation that our counting is correct and we can expect more significant growth.
Locally, this is an area of $ 2.5, but if everything goes according to plan, we can see a new historical maximum.