As a supplement to my previous analysis, I still assume that the exchange rate is moving upwards. The white dashed lines show the rotation of the underlying ATR axis. The local peaks of the exchange rate are already rising, but due to increased volatility, the level of corrections is also higher. The previous decreasing wave structure occurred in a triple cycle. Falling in ATR channel. We are now in a growing ATR channel. So far, we have seen two cycles. That is why I look forward to the third cycle.