USDCHF Elliott Wave Count

27 giu

The USD/CHF pair started the year with an impulsive move from 0.8334 to 0.9222. I am viewing this move as a completed 5-leg pattern. From the highs, we have another 5-leg pattern lower, suggesting that a larger correction is still unfolding. I consider the current move as an incomplete wave B and expect two more sub-waves towards 0.9020-0.9070 (50-61.8% of wave A) in the coming weeks.