wave C(yellow) formed a complete 5 wave structure.
shows a divergence between 3rd and 5th waves. [I respect Anil Mangal, but is more useful for me, than macd]
so, expected correction might be finished.
recent move up has no divergence between its tops.
yes, it broke , but it means nothing.
in case of divergence absence (blue) should corrected only the most recent move up, which started on 30 march around 10:30 by Kyiv time.
c = 1.618 a
there is a possibility of more comlex (a)(b)(c) correction.
It might look that recent move up is not a new impulse; price does not move very sharp; and it's forming a correction pattern for next big move down..etc.
yes, it's possible. decline is just wave (1) inside bigger wave C.
but by now I don't see any signs that recent move up formed a sellable corrective structure.
I expressed my view.
Trade with care, according to your strategy.
drop it like a hot.