Trader, analyst and instructor with a 6-year experience

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 [4]. This wave will end in the area of correctional wave [2].

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

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