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In the middle of yesterday's trading, the pair USD / CHF began to expect a downward movement after the growth to around 0.9620 and broke through the level of the 95th figure at the end of the day. The current wave situation allows us to assume that as a result of this drop in prices, the currency pair has moved to the stage of forming the 5th wave, in c, c, c, c, E, B. If this is so, then the internal wave structure of the wave c, c, c, c, c, e, B admits both the possibility of its completion near the already reached minimum yesterday, and the continuation of the decline in quotations towards the 0.9440 mark.
Targets for an upward wave option:
0.9687 - 100.0% by Fibonacci
0.9750 - 0.9800
Targets for a downward wave option:
0.9440 - 261.8% by Fibonacci
General conclusions and trading recommendations:
The wave c, c, E, B complicates its internal wave structure. Thus, now we expect a decrease in quotes within this wave with targets near the 0.9440 mark, which corresponds to 261.8% of Fibonacci. The wave c, c, E, B can take an even more complicated form than now, only after it is completed can we expect a prolonged increase in the wave C.
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