Analysis of wave counting:
Having updated the maximum reached on Friday, the pair USD / CHF found no reason to continue the development of the upward movement and finished the day near the mark of 0.9855. At the same time, we can assume that after the price has risen to 0.9880, the currency pair has already completed the formation of the 1st wave, in the 3rd, in C. If this is the case, then, before continuing the growth of quotations in the direction of the price parity level, can be adjusted to the level of the 98th figure.
Targets for the upward wave option:
0.9872 - 100.0% of Fibonacci
0.9950 - 1.0000
Targets for the downward wave option:
0.9800 - 0.9750
General conclusions and trading recommendations:
Wave counting is not entirely unambiguous. The increase in quotations may continue within wave 3 in the future C with targets near the estimated mark of 0.9872, which is equivalent to 100.0% of Fibonacci and above about 1.0000. Within the next corrective wave, it is possible to withdraw quotes from the peaks achieved with targets that are around 98 figures.
