Analysis of wave counting:
Yesterday's USD / CHF trades started from the upward movement and in the afternoon took an unsuccessful attempt to gain a foothold above the level of the 97th figure. Thus, the emerging wave situation suggests that the currency pair continued to form an increasingly complex form of the 3rd wave as part of the future wave C, whose calculated targets extend up to the level of 0.9900. At the same time, the probability of resuming the decline in quotations, at least to the level of 0.9400, with the prospect of a significant complication of the previously existing wave structure of the entire wave B still remains relevant.
Targets for an upward wave option:
0.9763 - 61.8% of Fibonacci
0.9805 - 76.4% of Fibonacci
Targets for the downward wave option:
0.9395 - 76.4% of Fibonacci
0.9315 - 100.0% of Fibonacci
General conclusions and trading recommendations:
Now, wave counting is not entirely unambiguous. The wave E, B can be completed. In this case, the increase in quotations will continue in the future within the first waves in the future C with the targets being about 0.9763 and 0.9805, which is equivalent to 61.8% and 76.4% of Fibonacci.
