Analysis of wave counting:
Friday's USD/CHF trading started with a downward movement and, losing about 65 pp, at the end of the day, it was fixed below the level of the 99th figure. The wave situation formed thus makes it possible to consider the entire price decrease from the November 1 maximum (1.0035) as the process of formation of the wave e, in the 4th wave, in the waveform a, taking the form of the five-wave structure, in C. If this is the case, and the wave is, in the 4th, in a, in C, will not further complicate its wave structure, from the last day of the last week the currency pair lows to resume growth of quotations, denoting thereby ushering in the 5th wave in a, in C.
Targets for an upward wave option:
1.0080 - 1.0100
Targets for a downward wave option:
0.9851 - 61.8% by Fibonacci
0.9807 - 76.4% by Fibonacci
General conclusions and trading recommendations:
The construction of an upward set of waves continues. Presumably, the construction of wave 5, in C, began, which can take a rather complex and extended form, with goals above 101 figures. Wave 4, most likely, completed its construction near the estimated mark of 0.9851, which is equivalent to 61.8% of Fibonacci.
