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USDCHF, Elliot Wave Analysis
4/20/2023 11:10 AMA fall is possible.
On the daily chart, an upward correction ended as the second wave of the higher level 2, and the downward third wave 3 develops, within which the wave (1) of 3 forms. Now, the first wave of the lower level 1 of (1) has formed, a correction has ended as the second wave 2 of (1), and the third wave 3 of (1) is developing, within which a local correction is forming as the wave iv of 3. If the assumption is correct, the USD/CHF pair will fall to the area of 0.8700–0.8400. In this scenario, critical stop loss level is 0.9122.
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