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USDCHF, Elliot Wave Analysis
9/14/2022 11:42 AMA fall is possible.
On the daily chart, the fifth downward wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the first wave of the lower level 1 of (1) has formed, a local correction has ended as the second wave 2 of (1) and the third wave 3 of (1) has started, within which the wave i of 3 has formed. If the assumption is correct, after the end of the correctional wave ii of 3, the USD/CHF pair will fall within the wave to the area of 0.9200–0.8916. In this scenario, critical stop loss level is 0.9889.
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