Analysis of wave counting:
Unable to gain a foothold below 0.9550, in the second half of Friday's trading, the pair USD / CHF rolled back more than 100 pp from the already reached minimum. The wave situation that forms, in this case, allows us to assume that the wave structure of wave c, E, B still took a much more complicated form and subsequent upward movement from the low of August 29, the currency pair attempted to complete the formation of its internal wave with c, c. If this is so and the wave c, c, E, B will not further complicate its wave structure, then the entire growth of quotations from the mark of 0.9430 can be considered as the beginning of the future wave C.
The objectives for an upward wave option:
0.9700 - 0.9800
Targets for the downward wave option:
0.9400 - 0.9300
General conclusions and trading recommendations:
The wave counting has now become very ambiguous and may require adjustments at any time. At the moment, it is possible to continue increasing quotations from the reached lows within the proposed wave C with targets located about 97 and 98 figures.
