USD/CHF: Elliott waves (Jan. 13)
Weekly. The pair is forming a global wave [iv] in the form of a Zigzag. At the moment the correctional wave (b) of the Zigzag is close to an end.
Chart. Weekly USD/CHF
Daily. The picture shows the structure of the wave C of (b). The movement takes the form of the final diagonal triangle. At the moment we see the construction of the correctional wave . This wave will end in the area of correctional wave .
Chart. Daily USD/CHF
H4. The wave [iv] may take the form of a Zigzag. In the near future we’ll see the construction of a correctional wave (B). Then the advance will continue.
Chart. H4 USD/CHF
Roman Petuchov for FBS