Analysis of wave counting:
Having opened the trades of last week with a significant gap from the previously reached minimum, the pair USD / CHF added about 250 pp in price and broke through the level of the 97th figure on Thursday. It can be assumed that the currency pair has made another attempt to complete the wave c, e, C, C, (B) and designate the beginning of the future wave (C). At the same time, the currency pair retained the potential for resuming the decline in quotations to the level of the 94th figure and further complicating the internal wave structure of the entire wave e, C, C, (B).
The objectives for an upward wave option:
0.9801 - 76.4% of Fibonacci
0.9900 - 1.0000
Goals for a downward wave option:
0.9388 - 161.8% of Fibonacci
0.9200
General conclusions and trading recommendations:
The wave marking of the instrument becomes more complicated, and the wave e, C, C, (B) is still trying to complete its construction. The decline in quotations may resume with targets near the estimated mark of 0.9388, which is equivalent to 161.8% of Fibonacci and below about 92 figures, and wave e, C, C, (B) become even more complicated The downward corridor retains the outlook for a downtrend.
