Analysis of wave counting:
In the course of trading last week, the USD/CHF pair, nevertheless, started with a decline and reached the level of 0.9915 on Friday. It is possible to assume that as a result of this decline in price, the currency pair somewhat complicated the internal wave structure of the 2nd wave, in c, in a, in (C). If this is the case, the 2nd wave, in c, in a, in (C), will not take an even more complex and extended form, then the currency pair can resume the rise of quotes, thus denoting the beginning of the 3rd wave, c, in a, in (C).
Targets for an upward wave option:
1.0022 - 76.4% by Fibonacci
1.0120 - 100.0% by Fibonacci
Targets for a downward wave option:
0.9800 - 0.9900
General conclusions and trading recommendations:
The trading instrument continues to build the upward wave (C). The increase in quotes may resume with targets near the calculated levels of 1.0022 and 1.0120, which equates to 76.4% and 100.0% of Fibonacci, within wave 3, in c, in a, in (C). The divergence of the MACD_aka cautioned of the inclination of the instrument to move away from the highs achieved. An unsuccessful attempt to overcome 1.0022 resulted in the construction of a downward wave.
