Analysis of wave counting:
Having failed to continue the upward movement which was indicated on Friday, yesterday's USD / CHF trading started from a decline to 0.9550 and finished the day near the minimum reached. Thus, it can be assumed that the currency pair continued to make attempts to complete the entire wave c, E, B and transition to the stage of formation of the first generating waves in the future wave C. At the same time, under the current conditions, the currency pair retains the potential for renewal decrease in quotations to the level of the 94th figure, with the prospect of further complicating the internal wave structure of the wave c, c, E, B.
Objectives for an upward wave option:
0.9700 - 0.9800
Objectives for the downward wave option:
0.9400 - 0.9300
General conclusions and trade recommendations:
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 (these goals will be further clarified).
